Question

In his financial planning practice, robert conducts a strengths, weaknesses, opportunities, and threats (swot) analysis with each client early in the financial planning process. he believes that a client's goals and values should drive the client-planner relationship, and the planner should serve as a consultant. robert's approach to financial counseling is an example of which of the following approaches?

a) classical economics approach
b) cognitive behavioral approach
c) strategic management approach
d) economic and resource approach

Answer 1

Robert's method of conducting a SWOT analysis and prioritizing client goals and values in financial counseling is an example of the c)strategic management approach.

Step-by-step explanation:

Robert's approach to financial counseling, which includes conducting a SWOT (Strengths, Weaknesses, Opportunities, and Threats) analysis and emphasizing the client's goals and values, is indicative of a strategic management approach. This approach aligns with the principles of strengths-based management, as described by Donald Clifton, focusing on individual strengths to enhance performance within an organization. It stands in contrast to simply focusing on economics or behavior, instead integrating client-oriented strategic planning into financial decisions.