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Sagot :
You can employ a SWOT analysis before you commit to any sort of company action, whether you are exploring new initiatives, revamping internal policies, considering opportunities to pivot or altering a plan midway through its execution.
What is SWOT analysis?
SWOT analysis is a strategic planning and strategic management technique that is used to assist a person or organization in identifying the Strengths, Weaknesses, Opportunities, and Threats associated with company competitiveness or project planning. It's also known as scenario evaluation or situational analysis.
Internal corporate strengths and weaknesses are factors over which you have some influence and can modify. Examples include your team members, patents and intellectual property, and location.
A SWOT analysis is a method for documenting your company's internal strengths (S) and weaknesses (W), as well as external opportunities (O) and threats (T) (T). This information can be used in your company planning to help you reach your objectives.
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