Conducting a SWOT Analysis for Her Own Business and for Her

question 26

True/False

Conducting a SWOT analysis for her own business and for her key competitors allows an entrepreneur to gain a competitive edge by matching her company's strengths against her competitors' weaknesses.

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Definitions:

Flow Experience

A psychological state of deep immersion and involvement in an activity, where time seems to pass unnoticed, and one's skills are used to their fullest.

360-Degree Feedback

A performance appraisal system where an employee receives confidential, anonymous feedback from those who work around them, including peers, superiors, and sometimes clients.

Multifactorial Evaluation

An assessment approach that considers multiple variables and factors to understand a complex phenomenon or condition.

Human Resource Management

The strategic approach to the effective management of people in an organization to help the business gain a competitive advantage.