A Six Sigma team is tasked with analyzing the risks involved in expanding their markets into locally competitive areas. What type of analysis would allow the team to explore opportunities available?

Question

Quizplus · Accepted Answer

SWOT analysis would allow the team to explore opportunities available.
Key Takeaway: SWOT analysis refers to strengths, weaknesses, opportunities, and threats. This type of analysis is an important aspect of risk analysis that Six Sigma teams often use. When exploring a new market, SWOT analysis can help shed light on opportunities such as the right demographic of consumers who may be interested in the company's products.

A Six Sigma Team Is Tasked with Analyzing the Risks