Final answer:
SWOT strategies are actionable plans formulated from the analysis of an organization's strengths, weaknesses, opportunities, and threats. They guide strategic decisions and can lead to funded projects but they are not necessarily financial recommendations by default or suggestions that are made but not implemented.
Step-by-step explanation:
SWOT strategies refer to the methods developed from the analysis of an organization's strengths, weaknesses, opportunities, and threats (SWOT). Contrary to the answer choices provided, SWOT strategies are not solely focused on aspects that involve money, nor are they simply made and not implemented. Instead, they are comprehensive plans that use the insights gained from a SWOT analysis to formulate actionable steps towards achieving the organization's goals. These strategies can become recommendations for action but they might not necessarily involve direct financial commitment at the stage of formulating the SWOT analysis.
For example, a strength-based strategy could be to capitalize on a strong brand to expand market share, while an opportunity-based strategy might be to enter a new market where the competition is currently weak. A weakness-based strategy could involve improving internal processes to increase efficiency, and a threat-based strategy might be to diversify product offerings to reduce dependency on a single market.
Ultimately, these strategies guide the decision-making process and can lead to specific, funded projects that are implemented. But they are, first and foremost, strategic directions derived from the SWOT analysis rather than recommendations with immediate financial implications.