A SWOTT analysis-outlined
Updated: Jul 14, 2022
A SWOTT analysis provides valuable information for companies in the various sectors as it gives an analysis of the internal and external environment the firm operates.
SWOTT ANALYSIS
STRENGTHS--This focuses on the internals of the organization--aspects that are positive for the company, such as experienced and knowledgeable people, offerings of the firm, geographical location.
WEAKNESSES--This focuses on the internals of the organization---those areas that are deficient. This can be culture issues, lack of knowledgeable, dedicated and trained staff as well as management.
OPPORTUNITIES--This focuses on the external environment to the organization--such as potential business opportunities.
THREATS--This focuses on the external environment to the organization---competition, government regulations, import taxes, quotas, country's governing body
Trends--This pertains to the environment the organization operates as well as those of the internal and external environment....what happened over the past years.
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