Learning Path
Question & Answer
Choose the Best Answer
By identifying strengths and weaknesses that matter to stakeholders
By solely focusing on external threats and opportunities
By ignoring stakeholder feedback during the SWOT process
By using SWOT to only evaluate the company's internal capabilities
Understanding the Answer
Let's break down why this is correct
A company can look at its strengths and weaknesses that matter to stakeholders. Other options are incorrect because The idea that SWOT only cares about external threats and opportunities ignores the inside of the company; Skipping stakeholder feedback is a common misconception.
Key Concepts
Strategic Decision-Making
hard level question
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Deep Dive: Strategic Decision-Making
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Definition
Strategic decision-making involves evaluating alternatives and selecting the best course of action to achieve organizational goals. It requires analyzing data, forecasting outcomes, and considering long-term implications. Effective strategic decision-making is essential for sustainable growth and competitive advantage.
Topic Definition
Strategic decision-making involves evaluating alternatives and selecting the best course of action to achieve organizational goals. It requires analyzing data, forecasting outcomes, and considering long-term implications. Effective strategic decision-making is essential for sustainable growth and competitive advantage.
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