Final answer:
SWOT analysis includes strengths, weaknesses, opportunities, and threats as components, excluding management and financials.
Step-by-step explanation:
The components of SWOT analysis include the following except which two?
SWOT analysis is a strategic planning tool utilized to evaluate the strengths, weaknesses, opportunities, and threats of a business or organization.
The components of SWOT analysis are:
Strengths: Internal factors that give an advantage to the business, such as brand reputation or skilled workforce.
Weaknesses: Internal factors that hinder the business, such as high employee turnover or outdated technology.
Opportunities: External factors that could be advantageous to the business, such as emerging markets or new consumer trends.
Threats: External factors that pose a risk to the business, such as intense competition or changes in government regulations.
The two components not present in SWOT analysis are:
Management: While management is crucial for the success of a business, it is not considered a component of SWOT analysis. SWOT analysis focuses on factors internal and external to the business.
Financials: Although financial data is essential for making informed business decisions, it is not part of the SWOT analysis framework. SWOT analysis primarily assesses non-financial aspects.
By considering the strengths, weaknesses, opportunities, and threats, businesses can develop strategies to capitalize on their advantages and mitigate potential risks.