Explain what SWOT analysis is and the benefit of doing one?
Explain what SWOT analysis is and the benefit of doing one?
Homework Answers
SWOT analysis is a technique of understanding strength weakness and identifying opportunities and threats.
SWOT is mnemonic for
S:- Strength
W:- Weakness
O :- Opportunities
T:- Threats
It is a best strategic tool mostly used in business industries. Strength:- strength for e.g can be determined in the companies by how well the company performs or what are the quality that distinguishes our company from others.
Weaknesses:- Once we know our strengths we need to find out where we are lacking what are our weaknesses.
Opportunities:- Opportunities are always present. We just need to explore them .
Threats:- threats are any risk that the company face.
Swot analysis is not only applicable in industry but can be applied in personal life too.
A person growth and development depends on swot.
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EXERCISE 11.3 SWOT ANALYSIS: Try doing a SWOT doing a SWOT Analysis of a career considering. If you have no idea where to begin, choose the career of someone mend or family member. Carefully analyze the Strengths, Weaknesses, Opportunities, and Threats as you see them may help to Gonale the help to Google the career for specifics and check Information-rich, accurate sites like OOH (Occupational Outlook Handb compiled by the U.S. Bureau of Labor Statistics. After you're done, write three...
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