Holly and Gary are HR Professionals in their organization and they're working to develop the strategic plan for their organization. Holly and Gary are using SWOT analysis to help understand the needs of human, financial, technological, capital, and other aspects of their organization. What is SWOT?
SWOT is an analysis that can be used to determine the strengths, weaknesses, opportunities, and threats. SWOT Analysis is a strategic planning method used to evaluate the Strengths, Weaknesses, Opportunities, and Threats involved in a project or in a business venture. It involves specifying the objective of the business venture or project and identifying the internal and external factors that are favorable and unfavorable to achieving that objective. A SWOT analysis may be incorporated into the strategic planning model.
Answer option C is incorrect. This is not a valid definition of SWOT so this choice is incorrect.
Answer option A is incorrect. This is not a valid definition of SWOT so this choice is incorrect.
Answer option D is incorrect. This is not a valid definition of SWOT so this choice is incorrect.
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