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activity that carries risk, you also forfeit all associated potential return and opportunity. It is up to you what type of risk activity you want to play with.4. Outline the benefit of conducting a SWOT analysis as part of a strategic planning process and how a SWOT analysis is conducted. conducting a swot analysis, shall enable the institution to utilize its resources well. Through evaluation of the organization’s strengths, the institution will be in a position of allocating its resources in a way that will lead to very high profits and lead to the growth of the organization.swot analysis will also help the organization to improve its operations. When the management team looks at the company’s weaknesses, it is not to assign blame forpast shortfalls in performance. It is to identify the most critical areas that need to beimproved in order for the business to more effectively compete.5. Outline four examples of questions that could be used when conducting a SWOT analysis.
BSBMGT616 Develop and implement strategic plansErwin Hendra – Task 1What makes you better than your competitors?