The Three Steps of SWOT Analysis Are

question 35

Multiple Choice

The three steps of SWOT analysis are

• A) identifying the company's resource strengths and weaknesses and its opportunities and threats, drawing conclusions about the company's overall situation, and translating the conclusions into strategic actions to improve the company's strategy.
• B) pinpointing the company's competitive assets, pinpointing its competitive deficiencies, and determining whether it enjoys a competitive advantage.
• C) determining whether the company has more competitive assets than competitive liabilities, determining whether the company has good market opportunities, and evaluating the seriousness of the threats to the company's future profitability.
• D) matching the company's strategy to its resource strengths, correcting the company's important resource weaknesses, and identifying the company's best market opportunities.
• E) benchmarking the company's strengths and weaknesses against those of key rivals, identifying its market opportunities and the external threats it faces, and determining the company's potential for establishing a competitive advantage over rivals.

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Definitions:

Cognitive Processing Therapy

A specific type of cognitive-behavioral therapy that helps individuals process and make sense of traumatic events, reducing the symptoms of post-traumatic stress disorder (PTSD).

Traumatic Event

An event or series of events that cause severe psychological distress and can result in long-term psychological harm, including PTSD.

Socratic Dialogue

A form of argumentative dialogue stimulated by asking and answering questions to stimulate critical thinking and to draw out ideas and underlying presumptions.

Overgeneralized Beliefs

Cognitive distortions where an individual applies a broad conclusion from a single event to a wide range of unrelated situations.