Answer:
SWOT analysis is a strategic planning technique that is used to assist a person or organization in identifying strengths, weaknesses, opportunities, and threats in business competition or project planning.
Answer:
SWOT stands for strengths, weaknesses, opportunities, and threats. SWOT analysis provides a framework for analyzing these four elements of a company’s internal and external environment.
It is important to note that SWOT analysis provides the “raw material”, that is,
a basic listing of conditions and factors inside and outside of a company.
SWOT Analysis
➢ Build on its strength
➢ Remedy the weaknesses or work around them
➢ Protected the firm from threats
