What does W in SWOT stand for?

What does O in SWOT stand for?

What does T in SWOT stand for?

Which elements are INTERNAL (inside the business)?

Which elements are EXTEARNAL (outside of the business)?

Your staff is very well trained.

A new competitor (a business selling similar products) has opened nearby

You can advertise your product on Expo 2020

Your staff had bad relations with the manager.

Negative factors that are beyond the control of the business.

Positive and controllable factors that contribute to the business’ success.

Areas where you or your organization may be weaker than others.

Positive factors that are not within the control of the business.

There are new technologies that are better and more advanced than what the business uses.

New and popular products are being introduced in the market from other competitors.

The business is located in an area that has many customers.

The establishment looks old and needs repairs.

The business space has a limited capacity to entertain many customers at the same time.

The small nature of the business enables it to provide excellent customer care because the small amount of work allows its staff to devote more time to customers.

The small size of the business’ workforce puts it in helpless position when a staff member becomes sick or takes a leave from work.

The following are the examples of Strength except one.

What is the purpose of performing a SWOT Analysis? (CRE)

Competitors in the market are an example of a weakness.

The following questions are examples of questions a company may use to fill out the ________________ box of a SWOT analysis:

What trends could you take advantage of?

How can you turn your strengths into opportunities?