Fill in the missing elements of a SWOT analysis in the spaces 2, 3 and 4 in the table below - Leaving Cert Business - Question 5 - 2018
Question 5
Fill in the missing elements of a SWOT analysis in the spaces 2, 3 and 4 in the table below.
1. Strengths
2.
3.
4.
Worked Solution & Example Answer:Fill in the missing elements of a SWOT analysis in the spaces 2, 3 and 4 in the table below - Leaving Cert Business - Question 5 - 2018
Step 1
2. Weaknesses
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Answer
Weaknesses refer to the internal factors that may limit an organization's ability to achieve its objectives. Recognizing weaknesses is essential for improvement and strategic decision-making. Common examples include lack of resources, skill gaps, and inefficiencies in processes.
Step 2
3. Opportunities
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Opportunities are external factors that could be leveraged for growth or advantage. These can include market trends, technological advancements, and shifts in consumer behavior that create new avenues for success.
Step 3
4. Threats
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Answer
Threats encompass external challenges that could negatively impact an organization. Identifying threats is crucial for risk management. Examples include competition, regulatory changes, and economic downturns.
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