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.
- 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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