Examination of Organizational Strengths and Weaknesses

A.

SWOT analysis is a strategic planning method used to evaluate the Strengths, Weaknesses, Opportunities, and Threats involved in a project or in a business venture.

It involves specifying the objective of the business venture or project and identifying the internal and external factors that are favorable and unfavorable to achieving that objective.

Incorrect Answers: B, C: Brainstorming and Delphi techniques are used to identify risks in a project through consensus.

Delphi differs in that as the members of the team do not know each other.

D: In this technique, risks can be identified directly by experts with relevant experience of similar projects or business areas.

The technique that examines the degree to which organizational strengths offset threats and opportunities that may serve to overcome weaknesses is SWOT Analysis.

SWOT stands for Strengths, Weaknesses, Opportunities, and Threats. It is a strategic planning technique used to identify and evaluate the internal and external factors that affect an organization's performance.

Strengths and weaknesses are internal factors, while opportunities and threats are external factors. By analyzing these factors, an organization can determine its position in the market and develop strategies to improve its performance.

In SWOT analysis, the strengths and weaknesses of an organization are examined to determine how they can be used to overcome the opportunities and threats presented by the external environment. This involves identifying the organization's strengths, such as its resources, capabilities, and expertise, and its weaknesses, such as its limitations and vulnerabilities.

Opportunities and threats are then evaluated to determine how they can be addressed using the organization's strengths and weaknesses. This involves identifying potential opportunities, such as new markets or emerging technologies, and potential threats, such as competition or economic downturns.

The analysis can be used to develop strategies that leverage the organization's strengths to overcome weaknesses and take advantage of opportunities, while mitigating the risks associated with threats.

Therefore, the correct answer to the question is A. SWOT Analysis. Delphi, brainstorming, and expert judgment are other techniques used in risk management and decision-making processes, but they do not specifically focus on the examination of strengths and weaknesses in relation to threats and opportunities.