Arrange the following steps of SWOT analysis:

A. Develop strategic actions
B. Prioritize key-factors
C. Analyse external factors
D. Implement and monitor changes
E. Brainstorm and list factors

Options:

Correct option is C

The steps in a SWOT analysis are typically organized as follows:

1. E - Brainstorm and list factors: The first step is to identify the factors that can influence the organization, including strengths, weaknesses, opportunities, and threats. This involves brainstorming and gathering information from various sources.
2. B - Prioritize key factors: Once the factors are listed, it’s important to prioritize them to focus on the most critical issues. This helps in identifying which strengths to leverage and which threats to mitigate.
3. C - Analyse external factors: This step involves analyzing the external environment, identifying opportunities and threats, and understanding the impact of external forces on the organization.
4. A - Develop strategic actions: Based on the analysis, strategic actions should be developed to address weaknesses, capitalize on strengths, and seize opportunities.
5. D - Implement and monitor changes: After developing strategies, the next step is implementation, followed by continuous monitoring to ensure the strategies are working as intended and making adjustments as needed.

Information Booster:

1. SWOT Analysis is a strategic planning tool used to identify an organization's internal strengths and weaknesses and external opportunities and threats.
2. Strengths and weaknesses focus on internal factors (e.g., resources, capabilities), while opportunities and threats are external factors (e.g., market trends, competition).
3. Prioritization in SWOT is critical for directing resources effectively toward the most impactful areas.

Additional Knowledge:

• In the process, external factors can include market dynamics, economic conditions, or technological advances, while internal factors might refer to the organization's culture, team skills, or financial resources.
• The outcome of a SWOT analysis is typically a set of strategic actions that address the most pressing challenges and maximize the organization's strengths.