What is a SWOT Analysis

Posted by Rishil Babu

In today's times the market dynamics is changing very rapidly, accelerated by the ever changing consumer behavior and needs. To survive this situation organizations needs to be prepared and well equipped.

SWOT Analysis is a simple tool that enables to do a subjective assessment of a given situation or subject in order to make critical decisions that are related to planning and risk management. A SWOT analysis refers to the examination of a organizations Strengths, Weaknesses, Opportunities, and Threats.

By doing a SWOT Analysis one gets additional insight into the condition and potential of the business. The idea is to bring all the aspects on the table so as to use the strengths to take advantage of the opportunities ahead and minimize the harm that threats may introduce in future.

To understand more on each of the areas of S W O T ? Download this pdf copy.

In the next article we could go about learning on How to conduct a SWOT analysis, with some real examples..

You could also watch the below video on how to perform one for your organization

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