Learning Path
Question & Answer1
Understand Question2
Review Options3
Learn Explanation4
Explore TopicChoose the Best Answer
A
Focus solely on exploiting strengths, ignoring weaknesses
B
Balance strategies that leverage strengths while addressing weaknesses
C
Only address threats to maintain current market position
D
Prioritize weaknesses to avoid potential threats
Understanding the Answer
Let's break down why this is correct
Answer
In a SWOT analysis a company first lists its strengths and weaknesses, then looks at how each strength can offset a weakness or help seize an opportunity. The next step is to rank the strategies that use the strongest strengths to fix the most critical weaknesses. Strategies that combine a high‑impact strength with a high‑impact weakness get the highest priority, because they offer the biggest improvement in performance. For example, if a company’s strength is a strong brand but its weakness is slow product development, it should prioritize investing in agile development teams to turn the brand advantage into faster launches. By focusing on these high‑impact pairings, the company can allocate resources to the most effective improvements.
Detailed Explanation
A balanced plan uses strengths to grow and fixes weaknesses to stay safe. Other options are incorrect because People think only strengths matter, but ignoring weaknesses lets problems grow; Focusing only on threats ignores what the company can do inside.
Key Concepts
SWOT Analysis
Strategic Planning
Competitive Advantage
Topic
SWOT Analysis
Difficulty
hard level question
Cognitive Level
understand
Practice Similar Questions
Test your understanding with related questions
1
Question 1In conducting a SWOT analysis for a company, how can identifying weaknesses during an external analysis impact the business strategy?
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2
Question 2In 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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3
Question 3In a SWOT analysis, how should a company prioritize its strategies based on identified strengths and weaknesses?
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4
Question 4In conducting a SWOT analysis for a company, how can identifying weaknesses during an external analysis impact the business strategy?
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5
Question 5In 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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6
Question 6In a SWOT analysis, how should a company prioritize its strategies based on identified strengths and weaknesses?
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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
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