The primary outcome of a SWOT analysis is to identify what?

Prepare for the HRM/324T Total Compensation Test with engaging flashcards and multiple-choice questions. Boost your understanding with explanations for each question and get exam-ready!

A SWOT analysis is a strategic planning tool used to identify the Strengths, Weaknesses, Opportunities, and Threats related to an organization or project. The primary outcome of conducting a SWOT analysis is to illuminate the critical success factors that can influence an organization's performance and strategic decisions. By evaluating internal strengths and weaknesses alongside external opportunities and threats, organizations can pinpoint the essential elements that contribute to their success.

Identifying critical success factors allows organizations to focus their resources and strategies on the most impactful areas, thus enhancing their ability to achieve goals and maintain competitive advantage in the market. This framework aids in strategic planning and ensures that companies allocate efforts toward actionable insights derived from a comprehensive understanding of their operational context.

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