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Explore TopicChoose the Best Answer
A
True
B
False
Understanding the Answer
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Answer
True. A SWOT analysis lists internal weaknesses and external opportunities side by side, allowing a company to see how a weakness might open a new market or spur innovation. By comparing the two, managers can spot places where fixing a weakness creates a competitive advantage. For example, a company that sees its slow IT system (a weakness) as a chance to invest in cloud services (an opportunity) can grow faster. Thus, SWOT can reveal growth chances that stem from internal shortcomings.
Detailed Explanation
A SWOT analysis looks at Strengths, Weaknesses, Opportunities, and Threats. Other options are incorrect because Some think a weakness can become an opportunity, but that mixes up internal problems with external 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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Practice
5
Question 5In conducting a SWOT analysis for a company, how can identifying weaknesses during an external analysis impact the business strategy?
hardBusiness
Practice
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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Practice
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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Practice
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?
hardBusiness
Practice
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