SWOT Analysis level 1
What does the acronym SWOT stand for?
strengths, weaknesses, opportunities, and threats
This internal factor assist you in determining the areas of the business that are performing well.
What is strength?
Low growth rate
Low market share
Cash neutral
What is Dog?
What are the benefits of BCG Matrix?
Easy to understand and implement
Provides strategic guidance for future
Helpful in allocating resources
SWOT analysis looks at:
A. Internal factors only
B. External factors only
C. Both internal and external factors
D. None of the above
Both internal and external factors
Which SWOT elements are external factors for a business?
Opportunities and Threats
What is Star?
What are the 4 strategies of BCG Matrix?
Hold
Harvest
Build
Divest
Which SWOT elements are internal factors for a business?
Strengths and Weaknesses
True or False. Preparing a SWOT Analysis must be specific and free of ambiguity.
True
What is Question mark?
What is BCG Matrix?
Strategic management tool or framework that companies use to assess their products and services
State four reasons why a SWOT Analysis is used?
A. To identify the parts of the business doing well and build on the strengths of the business
B. To identify ways to improve on weaknesses of the business
C. identifying opportunities that can be seized to expand the business
D. To counteract threats to a business
What is Cash cow?
Identifying market opportunities that can help the business grow.
What is opportunity?
How can organizations utilize SWOT analysis to remain competitive
How can organizations utilize BCG Matrix to remain competitive?
BCG MATRIX provides an insight on poducts or identifies services that best help to capitalize on market share growth opportunities for a competitive advantage.Companies can utilize four strategic choices of bcg matrix (hold, harvest, divest and build) to increase market share and remain competitive.They will know when and how to invest and what products to promote or discontinue. Additionally, companies will be able to allocate resources efficiently, thus increasing overall productivity.