SWOT Analysis

Have you performed a SWOT analysis for your business? An Entrepreneur might want to annually step back from the day to day operations of their business and have a strategic planning session with their management team.

As a part of the planning session, conduct a SWOT analysis. SWOT stands for Strengths, Weaknesses, Opportunities and Threats. Analyze the strengths of your company; critically examine your weaknesses and what you need to do to fix these; review the market opportunities given your strengths and minimized weaknesses; and finally assess the external threats posed by competitors, regulatory agencies, economic factors and so on.

A SWOT analysis might be a valuable planning tool for Entrepreneurs looking to improve and grow their businesses.

Ravi Patel

www.patelCFOservices.com

Advertisements
Published in: on November 17, 2008 at 6:10 am  Leave a Comment  
Tags: , , , ,

The URI to TrackBack this entry is: https://bloggerravi.wordpress.com/2008/11/17/swot-analysis/trackback/

RSS feed for comments on this post.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: