Anonymous
Anonymous asked in Business & FinanceCorporations · 1 decade ago

What is known as Swot analysis?

Hi want know generally what is known as Swot analysis and for what swot analysis used.

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  • Anonymous
    1 decade ago
    Best answer

    Hi generally swot analysis the strengths, weaknesses, opportunities and threats of an individual or an organization. to know more about swot refer the given sources

  • 3 years ago

    Whats A Swot Analysis

  • 1 decade ago

    SWOT Analysis is a strategic planning method used to evaluate the Strengths, Weaknesses, Opportunities, and Threats involved in a project or in a business venture. It involves specifying the objective of the business venture or project and identifying the internal and external factors that are favorable and unfavorable to achieving that objective. The technique is credited to Albert Humphrey, who led a convention at Stanford University in the 1960s and 1970s using data from Fortune 500 companies.

    SWOT analysis must first start with defining a desired end state or objective. A SWOT analysis may be incorporated into the strategic planning model. An example of a strategic planning technique that incorporates an objective-driven SWOT analysis is Strategic Creative Analysis (SCAN)[1]. Strategic Planning, including SWOT and SCAN analysis, has been the subject of much research.

    Strengths: attributes of the person or company that are helpful to achieving the objective.

    Weaknesses: attributes of the person or company that are harmful to achieving the objective.

    Opportunities: external conditions that are helpful to achieving the objective.

    Threats: external conditions which could do damage to the business's performance.

    Identification of SWOTs is essential because subsequent steps in the process of planning for achievement of the selected objective may be derived from the SWOTs.

    First, the decision makers have to determine whether the objective is attainable, given the SWOTs. If the objective is NOT attainable a different objective must be selected and the process repeated.

    The SWOT analysis is often used in academia to highlight and identify strengths, weaknesses, opportunities and threats. It is particularly helpful in identifying areas for development.

  • 1 decade ago

    SWOT analysis stnds for

    => strenths

    =>weakness

    =>opportunities

    =>threats.

    tis is usually used in marketing management 2 knw the strenths and weaknesses of our own firm and look out for opportunities in external environment keeping checks of various threats like competition from the market

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  • 1 decade ago

    A swot analysis is used when a business is trying to come up with new ideas or expand. it is when they evealuate the strengths , weaknesses , opportunties and threats (S.W.O.T.) to the business eg. competition , market size etc.

    Source(s): my head
  • 4 years ago

    Yeah I had to do one for business class

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