Answer the following statements true (T) or false (F)

Question

1. Obsolete technology and outdated facilities are examples of organizational threats. 
2. Guthrie Community College has done a SWOT analysis and discovered that the number of college-bound high-school juniors in its state has grown by nearly 20% in the past few years. This is a strength for Guthrie. 
3. Organizational threats are the environmental factors that hinder an organization's ability to achieve a competitive advantage. 
4. Forecasting is a strategic-planning tool used to make long-term strategy.

Answer 1

1. FALSE
Does your organization have obsolete technology? outdated facilities? a shaky marketing operation? These are examples of organizational weaknesses, the drawbacks that hinder an organization in executing strategies in pursuit of its mission.
2. FALSE
The increased number of college-bound high-school juniors represents an opportunity for Guthrie because it is an environmental factor that the organization may exploit for competitive advantage.
3. TRUE
Organizational threats are environmental factors that hinder an organization's achieving a competitive advantage.
4. TRUE
Once they've analyzed their organization's Strengths, Weaknesses, Opportunities, and Threats, planners need to do forecasting for making long-term strategy. A forecast is a vision or projection of the future.