What Is a SWOT Analysis and How Does It Relate

question 23

Essay

What is a SWOT analysis and how does it relate to the Strategic Management Process?

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Definitions:

Physiological Need

A basic bodily requirement that people need to survive, such as food, water, and shelter.

Maslow Hierarchy

A theory of human motivation depicted as a pyramid, with basic needs at the base ascending to self-actualization needs at the top.

Level Of Needs

The ranked priorities of needs that individuals strive to fulfill, often depicted in a hierarchical order, such as Maslow's hierarchy of needs.

Maslow Hierarchy

A theory in psychology proposed by Abraham Maslow, categorizing human needs into a five-tier model, from basic (physiological) to higher needs (self-actualization).