HR management vocab Flashcards
1
Q
What does SWOT stand for?
A
S - Strengths
W - Weaknesses
O - Opportunities
T - Threats
2
Q
What does Swot do?
A
It analyses the company’s internal and external factors.
3
Q
What does PEST stand for?
A
P - Political
E - Economic
S - Social
T - Technology
4
Q
What does PEST do?
A
Analyzes external factors that affect a company.
5
Q
Politcs Examples - PEST
A
- Trade wars
- tariffs
- Trade restrictions
- New UN administration
- Brexit
- Protectional policies
- Tax incentives for domestic resharing
- Non-essential store shutdowns possible
- Legal cannabis, hemp
6
Q
A
