SWOT is an important acronym for individuals and organizations alike in the business world and it stands for Strengths, Weaknesses, Opportunities and Threats. SWOT analysis is a useful technique to assess these four attributes which play a crucial role in an organization.
Strengths and weakness refer to internal factors such as (current processes, human resources, physical and financial resources etc.) while opportunities and threats focus on external factors such as (market trends, economic trends, pollical and economic regulations etc.).
A SWOT analysis helps organizations get visibility on their current status, it let us understand and measure overall business performance. It lets businesses understand and better identify internal and external factors and their positive and negative impacts on the business.
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Answer:
SWOT is an important acronym for individuals and organizations alike in the business world and it stands for Strengths, Weaknesses, Opportunities and Threats. SWOT analysis is a useful technique to assess these four attributes which play a crucial role in an organization.
Strengths and weakness refer to internal factors such as (current processes, human resources, physical and financial resources etc.) while opportunities and threats focus on external factors such as (market trends, economic trends, pollical and economic regulations etc.).
Explanation:
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Answer:
A SWOT analysis helps organizations get visibility on their current status, it let us understand and measure overall business performance. It lets businesses understand and better identify internal and external factors and their positive and negative impacts on the business.