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A
True
B
False
Understanding the Answer
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Answer
True. A SWOT analysis looks at a company’s internal weaknesses and matches them with external opportunities, showing where a weakness might actually create a chance for improvement or innovation. By examining each weakness, a firm can discover that addressing it opens new markets, drives product development, or improves processes, which are growth opportunities. For example, a company with limited digital marketing skills may see an opportunity to partner with a tech startup, turning that weakness into a competitive advantage. Thus, a SWOT can reveal how weaknesses can be leveraged for growth.
Detailed Explanation
Opportunities in SWOT come from outside the company, not from its own weaknesses. Other options are incorrect because The mistake is thinking weaknesses themselves create chances.
Key Concepts
SWOT Analysis
Strategic Planning
Business Growth
Topic
SWOT Analysis
Difficulty
hard level question
Cognitive Level
understand
Practice Similar Questions
Test your understanding with related questions
1
Question 1In a SWOT analysis, which of the following scenarios best illustrates leveraging strengths to seize new opportunities in a technology company?
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Question 2In conducting a SWOT analysis for a company, how can identifying weaknesses during an external analysis impact the business strategy?
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3
Question 3In conducting a SWOT analysis, which of the following best describes how a company's strengths can be leveraged in its action plan when considering external factors?
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4
Question 4In a SWOT analysis, which of the following scenarios best illustrates leveraging strengths to seize new opportunities in a technology company?
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5
Question 5In conducting a SWOT analysis for a company, how can identifying weaknesses during an external analysis impact the business strategy?
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6
Question 6In conducting a SWOT analysis, which of the following best describes how a company's strengths can be leveraged in its action plan when considering external factors?
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7
Question 7In conducting a SWOT analysis for a company, how can identifying weaknesses during an external analysis impact the business strategy?
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8
Question 8In conducting a SWOT analysis, which of the following best describes how a company's strengths can be leveraged in its action plan when considering external factors?
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Practice
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