What does SWOT mean?

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udoy
Posts: 16
Joined: Sun Dec 22, 2024 3:35 am

What does SWOT mean?

Post by udoy »

SWOT is an acronym derived from the first letters of the English words: Strengths (strengths), Weaknesses (weaknesses), Opportunities (opportunities), Threats (risks). The method was developed in the 1960s at Harvard University as part of a research project.

When to use SWOT analysis?

SWOT analysis is a versatile tool that can be applied to a variety of oman phone number situations. It is especially useful for strategic planning, launching a new product on the market , deciding on company expansion or restructuring, as well as during competitor analysis and market analysis . In addition, SWOT analysis is an invaluable tool in the process of personal development . It helps to identify strengths and weaknesses, as well as opportunities and threats throughout the career path. Thanks to its versatility, SWOT analysis works both in individual and organizational contexts, contributing to a better understanding of the current situation and to the planning of future actions.

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How to perform a SWOT analysis?

Conducting a SWOT analysis comes down to identifying all the key factors that influence a company's strategic situation in four analytical categories:
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