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Which of the following have external influences that help achieve strategic objectives? Opportunities, Weaknesses, Strength or Threats

Question

Which of the following have external influences that help achieve strategic objectives?

  • Opportunities
  • Weaknesses
  • Strength
  • Threats
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Solution

The external influences that help achieve strategic objectives are Opportunities and Threats. This is based on the SWOT analysis framework, which stands for Strengths, Weaknesses, Opportunities, and Threats.

  1. Opportunities: These are external factors that the organization could exploit to its advantage. They can arise from market conditions, technological changes, policy changes, and other changes in the business environment. For example, a new market segment that is rapidly growing can be a significant opportunity.

  2. Threats: These are external factors that could harm an organization. They can also arise from market conditions, technological changes, policy changes, and other changes in the business environment. For example, a new competitor entering the market is a threat.

Strengths and Weaknesses, on the other hand, are internal factors. Strengths are things that the organization does well or resources it has, while weaknesses are areas where the organization needs to improve or lacks resources.

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