Which of the Following Is True of SWOT Analysis

question 34

Multiple Choice

Which of the following is true of SWOT analysis?

• A) It is a tool used to formulate an organization's mission statement.
• B) Broad environmental factors are those that are close to an organization.
• C) An organization's strengths and weaknesses are identified by methodically assessing the organization's external environment.
• D) It provides a general overview of whether the overall situation is healthy or unhealthy.
• E) Broad environmental factors consist of stockholders, suppliers, competitors, labor unions, customers, and potential new entrants.

Analyze the influence of default options and nudges on economic behavior.

Assess the validity and implications of behavioral economics' critique of the assumption of rationality in economic models.

Understand the function and impact of System 1 and System 2 in decision-making processes.

Recognize the effects of heuristics on human cognition and decision-making.

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Definitions:

Insightful Mind

The capability to understand and intuitively grasp complex situations, issues, or ideas.

Resilient Leader

A leader who demonstrates the ability to withstand or recover quickly from difficult conditions, inspiring and keeping the team focused during challenging times.

Locus of Control

A psychological concept referring to the degree to which individuals believe they have control over the outcomes of events in their lives.

Creation-of-the-Enterprise Story

A narrative that explains the origins, key milestones, and evolution of a business, often used to inspire and align stakeholders.