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What does a SWOT analysis assess?
Financial performance
Strengths, Weaknesses, Opportunities, and Threats
Public engagement and support
Legal obligations and responsibilities
The correct answer is: Strengths, Weaknesses, Opportunities, and Threats
A SWOT analysis is a strategic planning tool used to assess various factors relevant to an organization or project. It evaluates four key components: Strengths, Weaknesses, Opportunities, and Threats. By identifying strengths, organizations can capitalize on what they do well. Weaknesses highlight areas that need improvement, which will help in devising strategies to mitigate them. Opportunities represent external factors that the organization can exploit for growth or advantage, while threats encompass challenges posed by external factors that could negatively impact the organization. This comprehensive overview helps leaders and teams in planning and decision-making processes by systematically outlining both internal and external factors affecting the organization’s performance and strategic direction. Such an analysis is crucial in the field of parks and recreation, where understanding community needs, available resources, and potential challenges can greatly influence program development and resource allocation.