Typically, a SWOT analysis is done to assess what factors, in addition to the opportunity and issue analysis?
(1 point)
Responses
latent factors
latent factors
extenuating factors
extenuating factors
social media factors
social media factors
environmental factors
environmental factors
Typically, in addition to opportunity and issue analysis, a SWOT analysis also assesses other factors such as latent factors, extenuating factors, social media factors, and environmental factors. These additional factors help provide a comprehensive understanding of the internal and external factors that impact an organization or situation.
To conduct a SWOT analysis, you can follow these steps:
1. Identify strengths: These are internal factors that the organization or situation excels in. Consider aspects such as expertise, resources, unique selling points, or competitive advantage.
2. Identify weaknesses: These are internal factors that put the organization or situation at a disadvantage. Think about areas that need improvement or can be potential liabilities.
3. Identify opportunities: These are external factors that could benefit the organization or situation. Look for emerging trends, market gaps, changes in technology, or potential collaborations.
4. Identify threats: These are external factors that could negatively impact the organization or situation. Consider competition, economic factors, regulatory changes, or other obstacles.
5. Analyze latent factors: These are underlying or hidden forces that may have an impact. They could be cultural, psychological, or societal factors that influence the organization or situation.
6. Analyze extenuating factors: These are additional variables or circumstances that may influence the analysis. It could include factors like current events, public opinion, political climate, or unforeseen events.
7. Analyze social media factors: These are the impact and influence of social media platforms on the organization or situation. Consider how social media can affect reputation, marketing, customer feedback, or brand perception.
8. Analyze environmental factors: These are external factors related to the broader environment, such as economic, social, technological, or legal aspects. Evaluate how these factors might impact the organization or situation.
By considering all these factors, a SWOT analysis helps in identifying strategic areas of focus, potential risks, and opportunities for growth or improvement.
Typically, in addition to the opportunity and issue analysis, a SWOT analysis assesses the following factors:
1. Latent factors: These are factors that are present but not easily identifiable or currently observable. They may have an impact on the organization's strengths, weaknesses, opportunities, or threats.
2. Extenuating factors: These are circumstances or conditions that have an influence on the analysis but may not directly fall into the categories of strengths, weaknesses, opportunities, or threats.
3. Social media factors: These factors are specifically related to the organization's presence and activity on social media platforms. They are analyzed to understand the impact of social media on the organization's strengths, weaknesses, opportunities, or threats.
4. Environmental factors: These are external factors that may affect the organization's functioning, such as economic conditions, regulatory changes, technological advancements, or social and cultural trends. They are considered in a SWOT analysis to identify potential opportunities and threats.
Overall, a comprehensive SWOT analysis considers these factors along with the assessment of opportunities and issues to provide a holistic understanding of an organization's current situation.