A SWOT Analysis means finding out the factors which greatly impact the business’s functioning, and those factors can be external or internal. Below mentioned are factors that should be studied by every company.
- S: Strength. Describe what an organization is best at and what 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 their weakness into strengths.
- T: Threats. Refer to factors that have the potential to harm a firm or organization.
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