SWOT Analysis Discover New Opportunities | Manage and Eliminate Threats
SWOT Analysis is a powerful technique for understanding your Strengths and Weaknesses, and for looking at the Opportunities and Threats you face.
This Acronyms Used in a business cont
swot-strenghts-weakness-opportunities-threats
ext, it helps you carve a sustainable niche in your market. Used in a personal context, it helps you develop your career in a way that takes best advantage of your talents, abilities and opportunities . Each Aspect have a big related with you business in future . you will need it all if you really want to starts you Own Business
To carry out a SWOT Analysis, you need to answer or at least think all about it :
Strengths:
* What advantages does your company have?
* What do you do better than anyone else?
* What unique or lowest-cost resources do you have access to?
* What do people in your market see as your strengths?
* What factors mean that you “get the sale”?
Weaknesses:
* What could you improve?
* What should you avoid?
* What are people in your market likely to see as weaknesses?
* What factors lose you sales?
Opportunities:
* Where are the good opportunities facing you?
* What are the interesting trends you are aware of?
Useful opportunities can come from such things as:
* Changes in technology and markets on both a broad and narrow scale.
* Changes in government policy related to your field.
* Changes in social patterns, population profiles, lifestyle changes.
* Local events.
Threats:
* What obstacles do you face?
* What is your competition doing that you should be worried about?
* Are the required specifications for your job, products or services changing?
* Is changing technology threatening your position?
* Do you have bad debt or cash-flow problems?
* Could any of your weaknesses seriously threaten your business?
Refer all tha question , i think you can get some thread and Conclution
Strengths and weaknesses are often internal to your organization. So you can answer it if u supposed that you already start you own business, so you can answer all the information that needed . Opportunities and threats often relate to external factors. For this reason the SWOT Analysis is sometimes called Internal-External Analysis and the SWOT Matrix is sometimes called an IE Matrix Analysis Tool.
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