SWOT analysisMultiple Choiceis a simple but powerful tool for sizing up a company’s internal strengths and competitive deficiencies, its market opportunities, and the external threats to its future well-being.is a tool for benchmarking whether a firm’s strategy is closely matched to industry key success factors.reveals whether a company is competitively stronger than its closest rivals.examines the company’s cost position activity by activity.is a competitive intelligence tool that discloses rivals’ key weaknesses.

Which of the following steps is not a part of the SWOT analysis?Multiple ChoiceIdentify company weaknesses and competitive deficiencies.Identify the company’s alignment of vision, mission, values, and strategy.Identify company strengths and competitive assets.Identify external threats to the company’s future profitability.Identify company market opportunities.

If a firm is conducting a SWOT analysis, which of the following are the positive factors that should be taken into consideration? (Check all that apply.)Multiple select question.What trends is the firm well positioned to take advantage of?What unique resources are available to the firm?What factors fall within the firm's control that could prevent its ability to develop a competitive advantage?What are the firm's competitors doing?

How can weaknesses be identified in a SWOT analysis? Options : Through market research By analyzing external factors By examining internal factors Through competitor analysis

One important indicator of how well a company's present strategy is working is whetherMultiple Choiceits strategy is built around at least two of the industry's key success factors.it is customarily a first-mover in introducing new or improved products (a good sign) or a late-mover (a bad sign).it has more core competencies than close rivals.it is subject to weaker competitive forces and pressures than close rivals (a good sign) or stronger competitive forces and pressures (a bad sign).the company is achieving its financial and strategic objectives and is an above-average industry performer.

A firm assesses attractiveness of a target market and its own competencies using a SWOT analysis.True false question.TrueFalse