Augusta
VIP Contributor
A business or a company will always need a framework that should be adopted for it's examination of its competitive position and to bulld strategic planning. This is where the SWOT analysis comes in.SWOT stands for strengths, weaknesses, opportunities, and threats of a business
So how can the SWOT analysis benefit a business
Facilitate a realistic, fact-based, data
With the SWOT analysis a business will be able to assess it's internal and external factors that will threaten it's strengths to avoid or fight them for the success of the business
Help gives a business fresh perspectives
A SWOT analysis offers information on how a business can Identify it's weaknesses, and the business technique that can be adopted to guide businesses toward strategies more likely to be successful
Enable understanding of business Opportunities
With the use of SWOT analysis a business will quickly identify opportunities which are mostly dependable on external factors that could give a business a competitive advantage. This will help to give the business more sales and be able to capture more market share..
Help gives insight to the business Threats
This is all about the elements that might cause potential harm to the business..The Swot analysis will help one to seek the root cause of these thrests like in the Case of rising costs for materials etc
What do you think?
So how can the SWOT analysis benefit a business
Facilitate a realistic, fact-based, data
With the SWOT analysis a business will be able to assess it's internal and external factors that will threaten it's strengths to avoid or fight them for the success of the business
Help gives a business fresh perspectives
A SWOT analysis offers information on how a business can Identify it's weaknesses, and the business technique that can be adopted to guide businesses toward strategies more likely to be successful
Enable understanding of business Opportunities
With the use of SWOT analysis a business will quickly identify opportunities which are mostly dependable on external factors that could give a business a competitive advantage. This will help to give the business more sales and be able to capture more market share..
Help gives insight to the business Threats
This is all about the elements that might cause potential harm to the business..The Swot analysis will help one to seek the root cause of these thrests like in the Case of rising costs for materials etc
What do you think?
