Which of the following is NOT a component of SWOT analysis?

In SWOT analysis, the framework consists of four key components: Strengths, Weaknesses, Opportunities, and Threats. Each of these components serves a specific purpose in evaluating an organization’s position.

Strengths refer to the internal capabilities or resources that give the organization a competitive edge. Weaknesses highlight the internal factors that could hinder performance or put the organization at a disadvantage. Opportunities are external conditions that the organization can exploit to its advantage for growth or improvement. Threats, on the other hand, are external challenges that may pose risks to the organization’s success.

"Technological advancements" do not fit as a distinct category within SWOT analysis. While they can certainly be part of the Opportunities or Threats segments, by themselves, they do not represent a standalone component of the SWOT framework. Recognizing this distinction helps in understanding how to effectively utilize SWOT analysis for strategic planning and decision-making.