Make your own SWOT by writing at least 3 of your Strength, Weaknesses, Opportunities and
Threats.
Answers
Answer:
Your Strategy
What is a SWOT analysis? SWOT stands for Strengths, Weaknesses, Opportunities, and Threats, and so a SWOT analysis is a technique for assessing these four aspects of your business.
SWOT Analysis is a simple tool that can help you to analyze what your company does best right now, and to devise a successful strategy for the future. SWOT can also reveal areas of the business that are holding you back, or that your competitors could exploit if you don't protect yourself.
In this article, video and infographic, we explore how to carry out a SWOT analysis, and how to put your findings into action. We also include a worked example and a template to help you get started on a SWOT analysis in your own workplace.
Opportunities
What opportunities are open to you?
What trends could you take advantage of?
How can you turn your strengths into opportunities?
Threats
What threats could harm you?
What is your competition doing?
What threats do your weaknesses expose to you?
Strengths
What do you do well?
What unique resources can you draw on?
What do others see as your strengths?
Weaknesses
What could you improve?
Where do you have fewer resources than others?
What are others likely to see as weaknesses?