How often should a SWOT Analysis be performed?
(A) Only when specific issues need to be addressed
(B) At least once per year
(C) Only when the business starts
(D) Every 3-5 years
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Answer:c
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The correct answer is option (B) At least once per year.
- A SWOT Analysis is strengths, weaknesses, opportunities, threats analysis.
- SWOT analysis is a strategic planning and strategic management technique used to help a person or organization identify strengths, weaknesses, opportunities, and threats related to business competition or project planning.
- It is sometimes called situational assessment or situational analysis.
- At least once per year, a SWOT Analysis be performed.
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