Which of the Following Are Included as Potential External Weaknesses

question 11

Multiple Choice

Which of the following are included as potential external weaknesses in a SWOT analysis that are harmful to an organization?

• A) Core competencies, market leaders, cost advantages, excellent management.
• B) Lack of strategic direction, obsolete technologies, lack of managerial talent, outdated, product line.
• C) Expanded product line, increase in demand, new markets, new regulations.
• D) New entrants, substitute products, shrinking markets, costly regulatory requirements.

Understand the role and importance of business plans for entrepreneurs.

Recognize the importance of financial planning and awareness of funding sources for small businesses.

Understand the operational and legal foundations of various business structures including sole proprietorships, partnerships, and corporations.

Comprehend the significance and process of creating mission statements for businesses.

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Definitions:

Formal Leadership

Leadership that is based on an official position or authority within an organization or structure.

Organizational Objectives

Specific, measurable goals that a business aims to achieve in order to fulfill its organizational strategy and mission.

Effective Leadership Practices

Strategies and behaviors demonstrated by leaders to inspire, influence, and achieve organizational goals successfully.

Peter Drucker

A highly influential figure in the field of management theory and practice, known for his contributions to the concept of modern business management.