What You Need to Know About Risk Analysis for the SHRM-CP and SHRM-SCP Exam
When you study for your SHRM-CP and SHRM-SCP exams, you’ll find a lot of information on risk management and business risk analysis. There will be questions on identifying risk, the methods by which we identify risk, and how to analyze internal and external risk factors. Two of the main types of business risk analysis that are sure to appear on your exam are SWOT and PESTLE analysis.
What is SWOT Analysis?
A SWOT analysis is a simple and useful framework for analyzing an organization’s Strengths, Weaknesses, Opportunities, and Threats.
