When a firm makes use of the SWOT analysis,one of its objectives is to:
A)identify the best employees to fill each position within the organization.
B)set specific short-term performance standards for each department.
C)evaluate the desirability of issuing stocks or bonds in the current financial climate.
D)identify the things it does well as an organization and the things it needs to improve.

Question

Quizplus · Accepted Answer

The SWOT analysis allows a firm to identify its strengths and weaknesses (things it does well and things it needs to improve) as well as opportunities and threats in the external environment. This information can then be used to develop strategies to address weaknesses and take advantage of opportunities, ultimately improving the overall effectiveness and success of the organization. Options A, B, and C are not related to the main objective of undertaking a SWOT analysis.

When a Firm Makes Use of the SWOT Analysis,one of Its