Which of the following choices is a strategic planning framework?
  1. SWOT
  2. Marginal analysis
  3. PERT
  4. Synergies
  5. Leadership Vision
Explanation
Answer: A - SWOT stands for Strengths, Weaknesses, Opportunities and Threats and is a strategic planning framework.

Strengths: attributes are helpful to achieving the objective.
Weaknesses: attributes that are harmful to achieving the objective.
Opportunities: external conditions that are helpful to achieving the objective
Threats: external conditions which could do damage to the business's performance

Key Takeaway: This is a bit of a bailout framework you can use when asked about a company’s characteristics and positioning in the market.
Was this helpful? Upvote!
Login to contribute your own answer or details

Top questions

Related questions

Most popular on PracticeQuiz