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Exam (elaborations)
exam 1 Questions And Answers On Strategic Management From(chapters 1- 6)
It is intuitively simple, contains numbers, lends itself to group discussion, and contains 
the basic building blocks of a strategic plan, namely strengths, weaknesses, 
opportunities, and threats. - CORRECT ANSWER-Why do you believe SWOT analysis 
is so commonly used by businesses in doing strategic planning? 
-An external threat could be "a 10% annual decline in state funding." 
-A weakness could be "lack of sufficient external fund raising." 
-The strategy to offset could be for the ...