A strategic business assessment leverages lean and corporate planning techniques to develop a foundation for quality and productivity improvements. Which of these tools is used in a strategic business assessment?
A)Risk analysis(Personnel + Process + Dependency)/3.
B)Hoshin planning methods.
C)SWOT analysis (Strengths, Weaknesses, Opportunities, and Threats).
D)Statistical process control (SPC).

Question

Quizplus · Accepted Answer

The SWOT analysis (Strengths, Weaknesses, Opportunities, and Threats)is used in a strategic business assessment. The SWOT analysis reviews the strengths, weaknesses, opportunities and threats of an organization typically in a quadrant type grid and reviews the criteria of leadership, organization structure, operations and processes, product or service, pricing, market analysis, and industry demographics.

A Strategic Business Assessment Leverages Lean and Corporate Planning Techniques