Barney has been assigned to conduct a situation analysis for his organization, Let's Share, Inc. As part of this assignment, Barney will
A) conduct an external wage survey.
B) search for the strengths, weaknesses, opportunities, and threats that impact his firm.
C) choose a grand strategy for his firm.
D) do a cost/benefit analysis.
E) develop a mission.

Question

Quizplus · Accepted Answer

A situation analysis involves assessing the internal and external environment of the organization, including identifying strengths, weaknesses, opportunities, and threats (SWOT analysis). Conducting an external wage survey, choosing a grand strategy, doing a cost/benefit analysis, and developing a mission are all important tasks for an organization, but they are not necessarily part of a situation analysis.

Barney Has Been Assigned to Conduct a Situation Analysis for His