Question

when a firm makes use of swot analysis, one of its objectives is to multiple choice identify the best employees to fill each position within the organization. set specific short-term performance standards for each department. evaluate the desirability of issuing stocks or bonds in the current financial climate. identify the things it does well as an organization and the things it needs to improve.

Answer 1

When a firm makes use of SWOT analysis, one of its objectives is identify the things it does well as an organization and the things it needs to improve.

What Is a SWOT Analysis?

Situational analysis and situational evaluation are some other names for  SWOT analysis. It can be used to evaluate these four components of your company. Thus SWOT stands for Strengths, Weaknesses, Opportunities, and Threats. You can use the SWOT analysis method to identify your company's current strengths and develop a successful future strategy.

The internal strengths and weaknesses of your business are variables that you can influence and make changes to. One can identify their strengths, weaknesses, opportunities, and threats in connection to project planning or competitive business settings by using the SWOT analysis.  

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