A S.W.O.T. analysis
A) should help a manager develop a strategy that leads to a competitive advantage.
B) seeks to improve strategy planning by "scanning for warnings, omens, and tips" about competitors' plans.
C) is not necessary if competitors have already entered the market.
D) defends against potential competitive threats by planning specific "safeguards, weapons, or tactics."
E) None of these is a good answer.

Question

Quizplus · Accepted Answer

A SWOT analysis is a tool used to identify a company's internal strengths and weaknesses, as well as external opportunities and threats. By analyzing this information, a manager can develop a strategy that takes advantage of strengths and opportunities, while mitigating weaknesses and threats. This can lead to a competitive advantage.

A S.W.O.T. Analysis