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Question
for each statement about swot analysis, select true or false.
threats identified in a swot analysis are the most difficult element to mitigate.
strengths identified in a swot analysis are new actions a business should implement.
opportunities identified in a swot analysis are not meant to be actionable.
acting on weaknesses identified in a swot analysis can be challenging but often necessary to grow business.
Brief Explanations
- Threats: Threats are external factors. Mitigating them often requires dealing with external entities or market forces, which can be complex. So, "Threats identified in a SWOT Analysis are the most difficult element to mitigate" is True.
- Strengths: Strengths are internal positive aspects (e.g., a strong brand, skilled workforce). They are not new actions but existing positive traits. So, "Strengths identified in a SWOT Analysis are new actions a business should implement" is False.
- Opportunities: Opportunities are meant to be acted upon (e.g., entering a new market). So, "Opportunities identified in a SWOT Analysis are not meant to be actionable" is False.
- Weaknesses: Addressing weaknesses (e.g., poor customer service) can be challenging (needs resource allocation, process changes) but is necessary for growth. So, "Acting on weaknesses identified in a SWOT Analysis can be challenging but often necessary to grow business" is True.
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- Threats: True
- Strengths: False
- Opportunities: False
- Weaknesses: True