What IS SWOT Analysis?
SWOT Analysis is a strategic planning tool to help businesses identify: Strengths, Weaknesses, Opportunities, and Threats. SWOT is intended to specify the objectives of your business venture and identify the internal and external factors that are favorable and unfavorable to achieving those objectives. Strengths and Weaknesses are frequently internal, while Opportunities and Threats are typically external. Let's review each component: Strengths: these are the characteristic