Successful business organizations should take actions to convert internal weaknesses into ____ and external threats into ____.
A) opportunities; core competencies
B) core competencies; strengths
C) opportunities; strengths
D) strengths; core competencies
E) strengths; opportunities

Question

Quizplus · Accepted Answer

Successful business organizations should strive to turn their internal weaknesses into strengths and external threats into opportunities. This approach is known as SWOT analysis, where strengths and weaknesses are the internal factors, and opportunities and threats are the external factors that affect a business. By identifying these factors and taking appropriate actions, a company can improve its competitive position, manage risks, and capitalize on market trends. Therefore, the best option is E.

Successful Business Organizations Should Take Actions to Convert Internal Weaknesses