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SWOT Analysis Homework Help

What is SWOT Analysis?

The SWOT analysis is the technique that enables an individual or a group to move from problems on an everyday basis to the traditional strategies formation towards a fresh perspective.

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SWOT analysis discusses the four phases of the study strength, weakness, opportunity, and threat. Here the strength and weaknesses belong to the internal environment and the opportunities and a threat belong to the external environment.

Strengths tell about the position of the product or services or an organization in the existing or the potential market in terms of its resources capabilities within the organization that makes it competitive in the market. Weakness is the type of existing or potential market force that could act as a barrier to the organization by maintaining or achieving a competitive advantage in the market.

Opportunity is a kind of existing or potential force in the external environment that if properly leveraged can or could provide a competitive form of advantage to the organization.

The SWOT analysis begins by conducting a list of the internal strengths and weaknesses of your organization. Capture the factors you suspect are relevant in every one of the four areas.

The first purpose of the SWOT analysis is to spot and assign every important issue, positive and negative, to at least one of the four classes, permitting you to require an objective look into your business. The SWOT analyses are a great tool in developing and confirming your goals and your promoting strategy.