Swot

SWOT analytic thinking (alternately SLOT analysis) is a strategic proviso method use to evaluate the Strengths, Weaknesses/Limitations, Opportunities, and Threats involved in a project or in a line venture. It involves specifying the target argona of the business venture or project and identifying the internal and external factors that are favorable and unfavorable to achieve that mark. The technique is impute to Albert Humphrey, who led a convention at Stanford University in the mid-sixties and 1970s using data from Fortune 500 companies.
fit the objective should be done after the SWOT analysis has been performed. This would allow achievable goals or objectives to be set for the organization.
Strengths: characteristics of the business, or project team that give it an advantage over others
Weaknesses (or Limitations): are characteristics that place the team at a disadvantage congener to others
Opportunities: external chances to improve performance (e.g.



make greater profits) in the environment
Threats: external elements in the environment that could cause trouble for the business or project
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 essential be selected and the process repeated.
The SWOT analysis is often used in academia to highlight and identify strengths, weaknesses, opportunities and threats.[citation needed] It is particularly facilitatory in identifying areas for developmentIf you want to get a full essay, sight it on our website: Orderessay



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