SWOT analysis includes the strengths only for strategy formulation purposes.

SWOT Analysis

A strategic planning tool that evaluates the Strengths, Weaknesses, Opportunities, and Threats involved in a project or business venture.

Strengths Only

A focus on utilizing and enhancing an individual's or organization’s existing positive attributes and skills.

Strategy Formulation

The process of developing strategies to achieve organizational goals through analysis, planning, and decision-making.

Acquire knowledge of the underpinning concepts and goals associated with a SWOT analysis, embracing the analysis of internal and external components.

Verified Answer

Final Answer :

False

Explanation :

SWOT analysis includes Strengths, Weaknesses, Opportunities, and Threats, not just strengths, for comprehensive strategy formulation.

Learning Objectives

Acquire knowledge of the underpinning concepts and goals associated with a SWOT analysis, embracing the analysis of internal and external components.