Saturday, September 23, 2023

What is SWOT Analysis?

 

  • S stands for strength

  • W stands for weakness

  • O stands for opportunities

  • T stands for threats







  • STRENGTH: What can you do well? What unique resources can you use? What do other competitors see as your strengths? 


  • WEAKNESS: What can you improve? Where do you have less resources than others? What weaknesses are others likely to see? That we can fix.


  • OPPORTUNITIES: What opportunities are open to you and what trends can you take advantage of and how can you turn your strengths into opportunities?


  • THREATS: What threats can hurt you and what your competitor is doing and what are your weaknesses and what are the threats you face and how to eliminate threats.





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