SWOT Flashcards

1
Q

What does SWOT stand for?

A

Strengths, Weaknesses, Opportunities, Threats

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2
Q

True or False: SWOT analysis is only useful for large corporations.

A

False

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3
Q

Fill in the blank: A SWOT analysis helps organizations understand their ______ and ______.

A

internal factors, external factors

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4
Q

What is a key component of the ‘Strengths’ section in a SWOT analysis?

A

Internal attributes that support achieving objectives

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5
Q

Which section of a SWOT analysis identifies areas where an organization may be at a disadvantage?

A

Weaknesses

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6
Q

Multiple Choice: Which of the following is an example of an opportunity in a SWOT analysis? A) High employee turnover B) Emerging market trends C) Outdated technology

A

B) Emerging market trends

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7
Q

What type of factors does the ‘Threats’ section of SWOT analysis consider?

A

External challenges that could harm the organization

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8
Q

True or False: A SWOT analysis can only be conducted once a year.

A

False

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9
Q

What is the primary purpose of conducting a SWOT analysis?

A

To identify strategic planning opportunities and challenges

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10
Q

Fill in the blank: SWOT analysis is often used in ______ planning.

A

strategic

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11
Q

Short Answer: Name one common method for gathering data for a SWOT analysis.

A

Surveys, interviews, or market research

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12
Q

Which internal factor is considered a ‘Weakness’ in a SWOT analysis?

A

Lack of skilled labor

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13
Q

Multiple Choice: Which of the following is NOT a part of a SWOT analysis? A) Strengths B) Weaknesses C) Regulations D) Threats

A

C) Regulations

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14
Q

What is the benefit of identifying ‘Opportunities’ in a SWOT analysis?

A

To leverage favorable conditions for growth

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15
Q

True or False: SWOT analysis can help in risk management.

A

True

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16
Q

Fill in the blank: The ‘Strengths’ and ‘Weaknesses’ sections of a SWOT analysis focus on ______ factors.

A

internal

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17
Q

Short Answer: How can a company use the results of a SWOT analysis?

A

To inform strategic decisions and improve performance

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18
Q

What is one challenge when conducting a SWOT analysis?

A

Bias in evaluating strengths and weaknesses

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19
Q

Multiple Choice: Which of the following is an example of a ‘Threat’? A) Strong brand reputation B) Increased competition C) Loyal customer base

A

B) Increased competition

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20
Q

True or False: SWOT analysis should involve multiple stakeholders for a comprehensive view.

A

True

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21
Q

What is the ideal outcome of a SWOT analysis?

A

A strategic plan that maximizes strengths and opportunities while minimizing weaknesses and threats

22
Q

Fill in the blank: Conducting a SWOT analysis can lead to improved ______ and ______.

A

strategic alignment, competitive advantage

23
Q

Short Answer: Why is it important to regularly update a SWOT analysis?

A

To reflect changes in the internal and external environment

24
Q

What should be done after completing a SWOT analysis?

A

Develop actionable strategies based on the findings

25
Multiple Choice: Which of the following is a 'Strength'? A) High employee morale B) Poor financial performance C) Limited market reach
A) High employee morale
26
True or False: SWOT analysis can only be used for businesses.
False
27
What does SWOT stand for in SWOT analysis?
Strengths, Weaknesses, Opportunities, Threats
28
True or False: SWOT analysis can only be used for businesses.
False
29
Fill in the blank: A personal SWOT analysis helps individuals assess their __________.
personal development
30
What is a strength in the context of a personal SWOT analysis?
A positive attribute or skill that an individual possesses.
31
What is a weakness in the context of a personal SWOT analysis?
An area where an individual lacks skill or experiences challenges.
32
Multiple Choice: Which of the following is an example of an opportunity in personal life? A) Poor time management B) Networking events C) Lack of motivation
B) Networking events
33
What type of factors are considered threats in a personal SWOT analysis?
External challenges that could hinder personal growth.
34
True or False: Identifying weaknesses is not important in a personal SWOT analysis.
False
35
What should be the first step in conducting a personal SWOT analysis?
Identify your strengths.
36
Fill in the blank: Opportunities in a personal SWOT analysis might include __________ for skill enhancement.
courses or workshops
37
Multiple Choice: Which of the following is NOT a strength? A) Good communication skills B) Procrastination C) Strong work ethic
B) Procrastination
38
What is the purpose of analyzing threats during a personal SWOT analysis?
To identify potential obstacles and challenges that may arise.
39
True or False: A personal SWOT analysis is a one-time activity.
False
40
What can be a benefit of understanding your personal weaknesses?
It allows for targeted self-improvement.
41
Fill in the blank: A personal SWOT analysis can help in __________ decision-making.
career or life
42
Multiple Choice: Which of the following is an example of a threat? A) Supportive friends B) Job market fluctuations C) Personal hobbies
B) Job market fluctuations
43
What is an example of a personal strength?
Excellent problem-solving skills.
44
True or False: Opportunities can only be external factors.
False
45
What does conducting a SWOT analysis help individuals to achieve?
A clearer understanding of their personal situation.
46
Fill in the blank: Regularly updating your personal SWOT analysis can help you track your __________.
growth and changes
47
Multiple Choice: Which of these is a common method for identifying personal strengths? A) Self-reflection B) Ignoring feedback C) Avoiding challenges
A) Self-reflection
48
What role do external factors play in a personal SWOT analysis?
They can impact opportunities and threats.
49
True or False: Personal SWOT analysis is only useful for students.
False
50
What is a potential outcome of recognizing personal threats?
Developing strategies to mitigate risks.
51
Fill in the blank: Personal __________ can help you leverage your strengths effectively.
branding
52
Multiple Choice: Which is a key element to consider when evaluating weaknesses? A) Personal beliefs B) Financial stability C) Skill gaps
C) Skill gaps