Two Important Parts of SWOT Analysis Are

question 2

Multiple Choice

Two important parts of SWOT analysis are:

• A) pinpointing the company's competitive assets and pinpointing its competitive liabilities.
• B) identifying the company's resource strengths and identifying the company's best market opportunities.
• C) identifying the external threats to a company's future profitability and pinpointing how many market opportunities it has.
• D) drawing conclusions from the SWOT listings about the company's overall situation and translating these into strategic actions to better match the company's strategy to its resource strengths and market opportunities,to correct the important weaknesses,and to defend against external threats.
• E) making accurate lists of the company's strengths,weaknesses,opportunities,and threats,and then using these lists as a basis for ascertaining how well the company's strategy is working.

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Definitions:

Team Reward Systems

Frameworks designed to provide incentives to team members for achieving team-based objectives, aimed at enhancing teamwork and performance.

Work Team

A group of people with complementary skills who are committed to a common mission, performance goals, and approach for which they hold themselves mutually accountable.

Cooperation

It involves collaborative efforts among individuals or groups to achieve a common goal or complete a task in a mutually beneficial manner.

360-degree Feedback

A performance appraisal method where feedback is gathered from all directions - superiors, peers, subordinates, and sometimes, external sources like customers.