Section: Principles of Management

11) The SWOT approach assesses an organization's

1. Speed, Wants, Order, Timing
2. Studies, Workflows, Opportunities, Trials
3. Strengths, Weaknesses, Opportunities, Threats.
4. Signs, Worries, Objectives, Techniques
5. Structure, Workforce, Organization, Types

SWOT assesses a company's strengths, weaknesses, opportunities, and threats usually through interviewing executives and gathering information. This helps an organization in meeting its future plans.