SWOT Analysis - Explanation and Tips - Simplest Explanation Ever

The video provides an in-depth look at SWOT analysis, a tool used by businesses to assess internal strengths and weaknesses, as well as external opportunities and threats. It explains how to set up a SWOT table, analyze each quadrant, and offers tips for effective analysis. The video also discusses potential challenges, such as bias and the need for varied perspectives, and emphasizes the importance of keeping the analysis updated due to changing external factors.

What should be considered when identifying opportunities in a SWOT analysis?

Why is it important to get input from various stakeholders when conducting a SWOT analysis?

What are the potential drawbacks of a SWOT analysis?