When conducting a SWOT analysis of an organization, which of the follo

QUESTION

When conducting a SWOT analysis of an organization, which of the following is best identified as a weakness of a company?

A) increased competition in the industry
B) employees lacking necessary skills
C) energy-reduction technology
D) changing buyer tastes
E) rise in utility costs

ANSWER

Answer: B
Explanation: B) If a company’s employees are lacking necessary skills, management will need to decide whether the solution requires training for its current employees or hiring additional or different employees with more skills. Either solution incurs costs for the company and might also add time to any project. All these are considerations that management will need to factor into its SWOT analysis.