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In the context of planning, what does SWOT analysis stand for?
In the context of planning, what does SWOT analysis stand for?
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In the context of planning, what does SWOT analysis stand for?
Strengths, Weaknesses, Opportunities, Threats
Systems, Workflows, Objectives, Targets
Strategies, Workflows, Operations, Tactics
Sales, Workforce, Operations, Technology
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SWOT analysis stands for Strengths, Weaknesses, Opportunities, and Threats, and is used for strategic planning.
Questions & Step-by-step Solutions
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Q: In the context of planning, what does SWOT analysis stand for?
Solution:
SWOT analysis stands for Strengths, Weaknesses, Opportunities, and Threats, and is used for strategic planning.
Steps: 7
Show Steps
Step 1: Understand that SWOT is an acronym.
Step 2: Identify what each letter in SWOT stands for.
Step 3: 'S' stands for Strengths - these are the positive attributes of a person or organization.
Step 4: 'W' stands for Weaknesses - these are the negative attributes or areas for improvement.
Step 5: 'O' stands for Opportunities - these are external chances to improve or grow.
Step 6: 'T' stands for Threats - these are external challenges that could cause trouble.
Step 7: Recognize that SWOT analysis is a tool used in strategic planning to evaluate these four areas.
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