SWOT
SWOT is an acronym that refers to a form of analysis that examines your: Strengths, Weaknesses, Opportunities, Threats https://getsling.com/blog/business-terms/
An acronym that stands for Strengths, Weaknesses, Opportunities, and Threats. It is a strategic planning tool used by businesses to identify internal and external factors that can impact their success. The analysis involves identifying the strengths and weaknesses of the organization, as well as external opportunities and threats in the market. By understanding these factors, businesses can develop strategies to capitalize on their strengths, address weaknesses, and take advantage of opportunities while mitigating the impact of potential threats.
A business coach may help their client conduct a SWOT analysis as part of their strategic planning process. For example, they may help the client identify their strengths, such as a talented workforce, established brand reputation, or strong financial position. They may also help them identify weaknesses, such as lack of marketing expertise or outdated technology. The coach may then work with the client to identify opportunities in the market, such as expanding into new geographic areas, and potential threats such as emerging competitors or changes in government regulations. This can help the client develop a plan to leverage their strengths, address weaknesses, and capitalize on opportunities while mitigating potential risks.
SWOT DEFINITION:
SWOT QUOTE:
1."SWOT analysis: telling you what you already know about your business, but in a colorful chart." 2."My SWOT analysis revealed my weakness is saying no to free office donuts."