A Technique for Assessing an Organization's Internal and External Environments

question 71

Multiple Choice

A technique for assessing an organization's internal and external environments in order to formulate strategy is called a:

• A) BCG matrix.
• B) SWOT analysis.
• C) benchmarking strategy.
• D) diversification exercise.
• E) functional strategy.

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Definitions:

Parenting Styles

Classified methodologies that parents use in raising their children, major styles include authoritarian, authoritative, permissive, and uninvolved.

Ethnic Groups

Social groups that share a common national or cultural tradition, often characterized by shared language, religion, and other cultural elements.

Evolutionary Perspective

An approach in psychology that explains human behavior and mental processes through the lens of adaptation and survival, influenced by the principles of natural selection.

Reproductive Advantages

Benefits in the context of natural selection that increase an organism's chances of reproducing and passing on genes to the next generation.