Join the discussion
Question 7/49
Imani has been asked to prepare a SWOT analysis for her company, which sells van insurance Her investigation has revealed that The company is a UK-based company which sells insurance in the UK and Ireland. The recent increase in home shopping has led to a corresponding increase in delivery drivers and vehicles across both markets However, the call centre, which serves both markets, has not been able to deal with the large influx of calls this has resulted in It is unclear whether in the longer term the call centre capacity needs to be expanded due to customers moving to digital channels and new regulatory hurdles, following Brexit. to trading in Ireland.
Which THREE of the following SHOULD be included in the SWOT analysis?
Which THREE of the following SHOULD be included in the SWOT analysis?
Correct Answer: A,B,C
A SWOT analysis is a technique for identifying and evaluating the strengths, weaknesses, opportunities and threats that affect an organisation or project. It helps to assess the internal and external factors that influence the performance and potential of the organisation or project. Therefore, options A, B and C are correct answers, as they should be included in the SWOT analysis for the company that sells van insurance. They describe different types of factors that affect the company's situation and prospects. Option A describes an opportunity, which is a favourable or advantageous circumstance or situation that arises from the external environment and that can be exploited to achieve the objectives of the organisation or project. An example of an opportunity is the increase in home shopping, which has led to an increase in delivery drivers and vehicles across both markets. This creates a potential demand for van insurance that the company can cater to. Option B describes a weakness, which is a negative or unfavourable characteristic or situation that arises from the internal environment and that can hinder or prevent the achievement of the objectives of the organisation or project. An example of a weakness is the inability of the call centre to deal with the large influx of calls, which may result in poor customer service, dissatisfaction and loss of business. Option C describes a threat, which is a harmful or adverse circumstance or situation that arises from the external environment and that can endanger or damage the achievement of the objectives of the organisation or project. An example of a threat is the new regulatory hurdles following Brexit, which may affect the company's ability to trade in Ireland and reduce its market share and revenue. Option D is not a correct answer, as strength is not a factor that has been discovered in the investigation for the SWOT analysis. A strength is a positive or favourable characteristic or situation that arises from the internal environment and that can facilitate or enhance the achievement of the objectives of the organisation or project. Option E is not a correct answer, as technology is not a type of factor that can be included in a SWOT analysis. Technology is an aspect of the external environment that can affect an organisation or project positively or negatively, depending on how it is used or adapted to.
Add Comments
- Other Question (49q)
- Q1. A business case is being created for a new. automated auditing system that will improve th...
- Q2. Halliday Holdings is embarking on a programme to improve its customer experience On joinin...
- Q3. The following definition has been agreed by the partners of DeanLegal DeanLegal is owned b...
- Q4. A business analyst working for a manufacturing company has been asked to support a new ini...
- Q5. The innovation center of accompany has created a new reporting tool. The senior management...
- Q6. The following planning activity has been identified in a consensus BAM for a company that ...
- Q7. Imani has been asked to prepare a SWOT analysis for her company, which sells van insurance...
- Q8. Maria is a business analyst working for a large supermarket chain, where she has been aske...
- Q9. IT services has commissioned a new desktop PC replacement project that has been funded and...
- Q10. The board of Jackson Holding wants to save money on its purchases by introducing a new pro...
- Q11. Paula is a business analyst working for a small bespoke furniture manufacturing company. T...
- Q12. An overseas bank is currently undertaking a feasibility study looking into the possible la...
- Q13. A PESTLE analysis is being conducted for a small manufacturing company The following has b...
- Q14. At a recent Board Meeting the Directors of an office fitting company ratified the company'...
- Q15. Which TWO of the following descriptions apply to a Business Activity Model (BAM)'?...
- Q16. A business analyst and a project manager are producing a business case for an initiative, ...
- Q17. The board of Jackson Holding wants to save money on its purchases by introducing a new pro...
- Q18. You have been discussing Paurs recent project with him He explained that he had needed to ...
- Q19. A company has decided to change one of its financial Key Performance indicators (KPIs). It...
- Q20. A report has been created into improving the scheduling of physio appointments at a major ...
- Q21. A business analyst has been assigned to help develop a plan for expanding a business that ...
- Q22. A business analyst working for a manufacturing company has been asked to support a new ini...
- Q23. The customer journey map below was created for Eyes 4'U. a chain of high street opticians ...
- Q24. Which TWO of the following descriptions apply to a Business Activity Model (BAM)'?...
- Q25. You have been asked to explain divergent and convergent thinking to a colleague How would ...
- Q26. A company produces kitchens to order. Customers specify the design of the kitchen by using...
- Q27. A local council has decided to completely redesign the way it provides library lending ser...
- Q28. Why would a Business Analyst use a consensus Business Activity Model (BAM) in gap analysis...
- Q29. George and Laura are responsible for the marking strategy in a company vinyl records and c...
- Q30. Ajay works I the payroll department of his organization. Payslips for every employee are p...
- Q31. Paula is a business analyst working for a small bespoke furniture manufacturing company. T...
- Q32. A business analyst has been carrying out investigations into a problem situation However, ...
- Q33. A business analyst is reviewing the stakeholder management strategy for a high profile Hum...
- Q34. A division of a telecommunication company is reviewing its current product range. It has d...
- Q35. The following is an excerpt from a job advert tor a Business Analyst "We are seeking an ex...
- Q36. A large retail company has asked a business analyst to investigate a problem with declinin...
- Q37. An airline has agreed that the following Key performance indicator (KPI) will help measure...
- Q38. A division of a telecommunication company is reviewing its current product range. It has d...
- Q39. AlpmeTrails is a company that specialises in offering tailored walking holidays The compan...
- Q40. A business case features a management summary, from which the below extract is taken: 'The...
- Q41. A report has been created into improving the scheduling of physio appointments at a major ...
- Q42. EcoBags is a company that designs and makes eco-friendly shopping bags foe various clients...
- Q43. Imran is the chief executive of FairCrops, a producer of ethically and sustainably sourced...
- Q44. A Business Analyst is reviewing the stakeholder management strategy for a high profile I H...
- Q45. BuildCo is small building company with the stall. The owner to reduce time spent on admini...
- Q46. The innovation center of accompany has created a new reporting tool. The senior management...
- Q47. A business analyst is reviewing the stakeholder management strategy for a project seeking ...
- Q48. ParcelGo is a distribution company. Parcels arrive at its warehouse, where the inbound tea...
- Q49. Bessant Co.manufactures and sells clothing. The company is every profitable and the IT dir...
