SWOT Analysis Homework Help
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SWOT Analysis is a simplified planning methodology used in organizations to determine strengths, weaknesses, threats and opportunities. It is a planned method that helps company to accomplish its goals and to make best use of the available resources. As mentioned in SWOT Analysis Homework Help, SWOT Analysis helps to develop workable strategies to protect the business from competitors. The basic elements of SWOT Analysis have been explained in the following section of SWOT Analysis Homework Help.
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Elements of SWOT
The four elements of SWOT explained in SWOT Analysis Homework Help are given below
• Strengths- Strength is a characteristic feature which is always an advantage to a firm. It explains and describes a company’s excellence and performance. Examples of strength of any firm could include latest technology, unique work power, strong good will, strong balance sheet, etc. It can be studied in SWOT Analysis Homework Help.
• Weaknesses- Weaknesses are those characteristics which are always a disadvantage to a firm. These areas need to be evaluated regularly in order to overcome the weaknesses. Examples of weaknesses of any firm could include lack of capital investment, inadequate supply chain, high levels of debt, etc.
• Opportunities- These elements favor the growth of the company and help the organization to survive and grow in the market. Examples can be studied in SWOT Analysis Homework Help.
• Threats- These elements affect the growth of the company and causes trouble harming the company’s resources as well as reputation. Examples of threats of any firm could include high market cost, increasing competition in the market, tight labor supply, etc.
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