Learning Path
Question & Answer
Choose the Best Answer
Identify their strengths and weaknesses, then ignore external factors since they cannot be controlled.
Focus only on their weaknesses to eliminate them without considering strengths.
Use strengths to capitalize on opportunities while addressing weaknesses to mitigate threats.
Analyze the threats in isolation and create a plan based solely on that analysis.
Understanding the Answer
Let's break down why this is correct
A SWOT analysis looks at strengths, weaknesses, opportunities, and threats. Other options are incorrect because It assumes that only the company’s own strengths and weaknesses matter and that outside forces cannot be handled; It thinks fixing every flaw is enough, ignoring what the business does well.
Key Concepts
Business Analysis Techniques
easy level question
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Deep Dive: Business Analysis Techniques
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Definition
Business analysis techniques are methods used to evaluate and improve business processes, systems, and strategies. These tools help in identifying problems, opportunities, and solutions for enhancing organizational performance. Proficiency in business analysis techniques is valuable for driving innovation and efficiency.
Topic Definition
Business analysis techniques are methods used to evaluate and improve business processes, systems, and strategies. These tools help in identifying problems, opportunities, and solutions for enhancing organizational performance. Proficiency in business analysis techniques is valuable for driving innovation and efficiency.
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