A Technique for Assessing an Organization's Internal and External Environments

question 106

Multiple Choice

A technique for assessing an organization's internal and external environments in order to formulate strategy is called a

• A)BCG Matrix.
• B)SWOT analysis.
• C)benchmarking strategy.
• D)diversification exercise.
• E)functional strategy.

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Definitions:

Cognitive Appraisal

The process by which an individual evaluates and interprets an event or situation to determine its significance for their personal well-being.

Life Satisfaction

A subjective assessment of one's overall wellbeing and contentment with life, considering various aspects such as health, relationships, and achievements.

Good Health

The state of complete physical, mental, and social well-being, not merely the absence of disease or infirmity.

Younger

Being of a lesser age, especially in comparison to someone else, or denoting a more recent period or version.