Lean Bronze

Category - Continuous Improvement

A strategic business assessment leverages lean and corporate planning techniques to develop a foundation for quality and productivity improvements. Which of these tools is used in a strategic business assessment?
  1. Risk analysis(Personnel + Process + Dependency)/3.
  2. Hoshin planning methods.
  3. SWOT analysis (Strengths, Weaknesses, Opportunities, and Threats).
  4. Statistical process control (SPC).
Explanation
Answer: C - The SWOT analysis (Strengths, Weaknesses, Opportunities, and Threats)is used in a strategic business assessment. The SWOT analysis reviews the strengths, weaknesses, opportunities and threats of an organization typically in a quadrant type grid and reviews the criteria of leadership, organization structure, operations and processes, product or service, pricing, market analysis, and industry demographics.
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