The SWOT Analysis Helps Managers in Formulating a Strategic Plan

question 23

True/False

The SWOT analysis helps managers in formulating a strategic plan that considers the organization's ability to deal with the situation at hand.

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Definitions:

Conforming

The act of aligning one's attitudes, beliefs, and behaviors with group norms or expectations.

National Norms

Refer to the shared expectations and rules that guide behavior of people within a nation, shaping social and cultural norms.

Social Norms

The implicit or explicit rules a group has for the acceptable behaviors, values, and beliefs of its members.

Compliance

Conformity to a social norm prompted by the desire to acquire rewards or avoid punishment.