What Is a SWOT Analysis

question 318

Multiple Choice

What is a SWOT analysis?

• A)Evaluates an organization's strengths, weaknesses, opportunities, and threats to identify significant influences that work for or against business strategies.
• B)Analyzes the competitive forces within the environment in which a company operates to assess the potential for profitability in an industry.
• C)Views a firm as a series of business processes, each of which adds value to the product or service.
• D)Generic business strategies that are neither organization nor industry specific and can be applied to any business, product, or service.

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Definitions:

Collectivistic Attribution

The tendency to attribute individuals' behaviors and success to their collective groups, emphasizing group goals over individual achievements.

Situational Attribution

Refers to attributing an individual's behavior to external or environmental factors.

Undependable

Not reliable or trustworthy; likely to fail or disappoint.

Fundamental Attribution Error

The tendency to overemphasize personal characteristics and underestimate situational factors when explaining others' behaviors.