What framework is utilized for assessing the strengths and weaknesses of an organization?

The correct approach for assessing the strengths and weaknesses of an organization is through SWOT Analysis. This framework specifically focuses on identifying and evaluating internal strengths and weaknesses alongside external opportunities and threats. The strength of SWOT Analysis lies in its simplicity and versatility, making it a widely used tool for strategic planning and decision-making.

This framework enables organizations to have a clearer comprehension of their current position by considering internal factors (strengths and weaknesses) that can impact the organization’s performance alongside external factors (opportunities and threats) that might influence its strategic direction. As a result, organizations can develop strategies that leverage their strengths, minimize weaknesses, capitalize on opportunities, and mitigate threats.

While the other frameworks mentioned may have their own applications in business analysis, they do not focus specifically on assessing an organization’s internal strengths and weaknesses in the manner that SWOT Analysis does. The PQR Framework and POPIT Framework serve different analytical purposes, and the BCG Matrix is oriented toward analyzing product portfolio and market share rather than internal organizational evaluation. This makes SWOT Analysis the most appropriate tool for the described context.