Question

Step 1 Assess Need for Strategic Change Step 2 Conduct Situational Analysis Internal • Strengths . Weaknesses External Step 3 - Choose Strategic Alternatives Risk-avoiding strategies . Look for strategic dissonance Risk-seeking strategies Threats Source: Image adapted from Chuck Williars. (n.d.). Management (11st ed.). (Mason, OH: South-Westen Cengage Learning. 2013). Use your knowledge of strategic planning to select the word or phrase that best completes the following sentence When conducting a SWOT analysis, budgets, ratios, and sales reports can be used to identify: O Company opportunities and threats O Environmental opportunities and threats O Company strengths and weaknesses Environmental strengths and weaknesses and it refers to factors that are When referring to a SWOT analysis, the letter W stands for organization to the Grade it Now Save & Contir Continue without sa

Answer 1

A. Avoid competitive inertia

B.Opportunities

C.Competitive advantage

The correct answer is : Company's strengths and weakness

Budgets ,financial ratios and sales reports can be used to identify the company's core strengths and weaknesses.This helps to devise strategy that builds on the strengths and minimizes the weaknesses facing the company.

When referring to SWOT analysis ,the letter W stands for Weaknesses,and it refers to factors that are internal to the organization.