
What does the SWOT analysis acronym stand for in strategic planning?
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Get StartedWhat does the SWOT analysis acronym stand for in strategic planning?
Options:
- Strengths, Weaknesses, Opportunities, Threats
- Strategic, Worth, Objectives, Tactics
- Strengths, Weaknesses, Options, Targets
- Systems, Workflows, Operations, Tactics
Correct answer: Strengths, Weaknesses, Opportunities, Threats
Explanation: SWOT stands for Strengths, Weaknesses, Opportunities, Threats; the framework was developed in the 1960s (credited to Albert Humphrey) for corporate strategic planning.
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