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


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