Question

What is swot analysis? explain swot analysis in the form of a matrix?

Answer 1

SWOT analysis is a strategic planning method used to evaluate the Strengths, Weaknesses, Opportunities, and Threats facing a project. The new template for ConceptDraw MINDMAP visually supports identifying internal and external factors that are favorable and unfavorable.

Answer 2

Answer:

Step-by-step explanation:

S- using strengths

W- minimizing impact of weakness

O-captalizing opportunities

T- neutralizing threats

A  systematic approach to understanding the environment is the SWOT analysis. Business firms undertake SWOT analysis to understand the external and internal environment.SWOT, which is the acronym for strengths,weakness,opportunities and threats.

Through such an analysis, the strengths and weakness existing within an organization can be matched with the opportunities and threats operating in the environment so that an effective strategy can be formulated.

An effective organizational strategy, therefore , is one that capitalises on the opportunities through the use of strengths and neutralises the threats by minimizing the impact of weakness.