Learning Path
Question & Answer
Choose the Best Answer
Focus solely on exploiting strengths, ignoring weaknesses
Balance strategies that leverage strengths while addressing weaknesses
Only address threats to maintain current market position
Prioritize weaknesses to avoid potential threats
Understanding the Answer
Let's break down why this is correct
A balanced plan uses strong points to grow and fixes weak spots, so the company stays strong on all sides. Other options are incorrect because This idea assumes a company can ignore its weak spots because strengths will keep it safe; Focusing only on threats makes a company defensive but misses growth chances.
Key Concepts
SWOT Analysis
hard level question
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Deep Dive: SWOT Analysis
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Definition
SWOT analysis is a strategic planning technique used to identify and understand the Strengths, Weaknesses, Opportunities, and Threats related to a business, product, or market. It helps in decision-making by assessing internal and external factors that can impact the organization's strategy and growth.
Topic Definition
SWOT analysis is a strategic planning technique used to identify and understand the Strengths, Weaknesses, Opportunities, and Threats related to a business, product, or market. It helps in decision-making by assessing internal and external factors that can impact the organization's strategy and growth.
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