A first-rate SWOT analysis
A)is a way to measure whether a company's value chain is longer or shorter than the chains of key rivals.
B)is a tool for benchmarking whether a firm's strategy is closely matched to industry key success factors.
C)reveals whether a company is competitively stronger than its closest rivals.
D)provides a good basis for crafting a strategy.
E)identifies the reasons a company's strategy is or is not working very well.

Question

Quizplus · Accepted Answer

A first-rate SWOT analysis provides a good basis for crafting a strategy. It helps to identify a firm's internal strengths and weaknesses and external opportunities and threats, which can then be used to inform strategy development. Options A, B, C, and E are not accurate descriptions of what a SWOT analysis is primarily used for.

A First-Rate SWOT Analysis