SWOT analysis is a type of strategic-level analysis. SWOT stands for Strengths, Weaknesses, Opportunities & Threats:
Strengths |
The internal strong points of an organization. Things they are good at that competitors would find it difficult to emulate. |
Weaknesses |
The internal weak points of the organization. Things that are difficult to overcome, poor image, out-dated equipment, poor location etc. |
Opportunities |
External opportunities, new markets opening up etc. |
Threats |
External threats, legislation, overseas competition etc. |
SWOT analysis is similar in concept to PEST analysis or Porter's Five Forces analysis.
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