Professional Documents
Culture Documents
Mission Statement - 4
Differences - 6
Answer. A written declaration of an organization's core purpose and focus that
normally remains unchanged over time. Properly crafted mission statements
(1) Serve as filters to separate what is important from what is not,
Q4. What is SWOT analysis in terms of Internal & External Analysis? Explain
SWOT analysis in the form of a matrix?
Answer. SWOT analysis (alternatively SWOT matrix) is an acronym for strengths,
weaknesses, opportunities, and threatsand is a structured planning method that
evaluates those four elements of a project or business venture. A SWOT analysis can
be carried out for a company, product, place, industry, or person. It involves
specifying the objective of the business venture or project and identifying the internal
and external factors that are favorable and unfavorable to achieve that objective.
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Fall-2016
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