A Good SWO

question 51

True/False

A good S.W.O.T. analysis helps a manager focus on a strategy that takes advantages of the firm's opportunities and strengths while avoiding its weaknesses and threats to its success.

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Definitions:

Environmental Scan

The process of systematically reviewing external and internal environments to identify trends, threats, and opportunities that could impact an organization's future.

Geek Squad

A service that offers technical support and services for consumer electronics and appliances, typically operating within larger retail stores.

Echo-Boom

A demographic period characterized by an increase in births, often referring to the children of the baby boomers, also known as Millennials.

Generational Cohort

A classification of people based on their birth years, sharing similar attitudes, experiences, and values.