SWOT Analysis Is Useful in Part Because It Obliges the Firm

question 30

True/False

SWOT analysis is useful in part because it obliges the firm to act proactively by putting an emphasis on identifying opportunities and threats that constrain the action choices a firm might make because of its internal and external environmental scan.

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Definitions:

Stereotyping

The act of assigning specific attributes to an individual or group based on perceived characteristics of the group they belong to, often oversimplifying complex diversities.

Deductive Reasoning

A reasoning method where an inference is drawn from the agreement of several assumptions which are typically believed to be accurate.

Halo Effect

A cognitive bias where one's overall impression of a person influences how one feels and thinks about their character or properties.

Creative Thinking

The ability to think in unique, novel, and original ways in order to solve problems or generate new ideas.