SWOT analysis?

Question

There is a foundational "tool" utilized in the overall planning and decision process known as the "SWOT" analysis.How is this analysis tool applied when a firm is conducting a risk analysis comparison between a number of alternatives? How does the "SWOT" process allow for a firm to evaluate which of a number of alternatives has the most "manageable" risks?

Answer 1

SWOT stands for:

Strengths

Weaknesses

Opportunities

Threats

Organizations conduct a SWOT analysis to compare risks between alternatives by listing what people believe are each alternative's Ss, Ws, Os, and Ts.  Firms can decide which alternative(s) has the most manageable risks by knowing what they can handle and do compared to the list they made.  The alternatives with the fewer risks or the more capable or the less money and time used to deal with risks are the ones that should be chosen.

Answer 2

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