What Is a SWOT Analysis?

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A SWOT Analysis means finding out the factors which have a great impact on the functioning of the business and those factors can be external or internal. Below mentioned are factors that should be studied by every company.

SWOT:

  • S: Strength. Describe what an organization is best at and which separates them from everyone else.
  • W: Weaknesses. It shows that the firm needs to work on some areas because of which they are getting into losses.
  • O: Opportunities. This means the organisations still have the chance to turn the weakness into strengths.
  • T: Threats. Refer to factors that have the potential to harm a firm or organization.

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