Chapter 2 Flashcards
1
Q
Situational Analysis
A
Assessment of a product’s past & current performance, and what next steps are based on this, as well as external forces/trends
2
Q
SWOT analysis
A
Summary of a situational analysis and how an organization is servicing a business and target markets
(Strengths + Weaknesses + Opportunities + Threats)
3
Q
Environmental scan
A
Continually seeking info on what is going on around organization externally to identify trends
4
Q
Environmental scan
A
Continually seeking info on what is going on around organization externally to identify trends