Chapter 5: SWOT Flashcards

1
Q

Are “Strengths” within SWOT Analysis determining the internal or external factors?

A

Internal

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2
Q

Are “Weaknesses” within SWOT Analysis determining the internal or external factors?

A

Internal

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3
Q

Are “Opportunities” within SWOT Analysis determining the internal or external factors?

A

External

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4
Q

Are “Threats” within SWOT Analysis determining the internal or external factors?

A

External

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5
Q

Which parts within the SWOT Analysis help determine the internal factors?

A
  • Strengths
  • Weaknesses
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6
Q

Which parts within the SWOT Analysis help determine the external factors?

A
  • Opportunities
  • Threats
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7
Q

What are the steps involved in going from a SWOT to a strategy?

A

1) Determine strategic issues
2) Determine potential strategies for the future
3) Decide on the strategy to implement

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8
Q

What should every strategy be evaluated on when going from SWOT to Strategy?

A
  • Appropriateness (Yes/No)
  • Feasability (Yes/No)
  • Expected result & risk (Weighted score)
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