Explain what is SWOT ANALYSIS
Business/Management
ScanSolve AI Answer
SWOT analysis is a strategic planning framework used to evaluate the internal and external factors affecting an organization or project. It stands for:
- Strengths: Internal positive attributes that give an advantage.
- Weaknesses: Internal negative attributes that create disadvantages.
- Opportunities: External factors that can be exploited for advantage.
- Threats: External factors that could cause trouble.
By analyzing these four elements, businesses can develop strategies to leverage their strengths, address weaknesses, capitalize on opportunities, and mitigate threats.
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