Future Business Leaders of America (FBLA) Advertising Practice test

Which of the following elements is not part of the SWOT Analysis?

1. Stakeholders

2. Threats

3. Opportunities

4. Weaknesses

The correct answer is: Stakeholders

SWOT Analysis is a strategic planning tool used to identify and evaluate the Strengths, Weaknesses, Opportunities, and Threats related to a business or project. The acronym stands for these four specific elements: - Strengths refer to internal characteristics of the organization that give it an advantage over competitors. - Weaknesses are internal factors that place the organization at a disadvantage relative to competitors. - Opportunities are external factors that the organization can capitalize on to achieve its goals. - Threats are external challenges that could hinder the organization's performance. Since "Stakeholders" is not a part of this framework, the correct answer is that it does not belong in a traditional SWOT Analysis. Stakeholders may influence or be influenced by the organization's strategic choices, but they are not one of the four foundational elements that make up the SWOT tool itself. Understanding these components helps businesses create strategies that align with their strengths and opportunities while being mindful of weaknesses and potential threats. This clarity aids in formulating effective tactical actions.