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To provide recommendatons for future business strategy.

2007-03-11 10:47:13 · 2 answers · asked by DANIELLE H 1 in Business & Finance Small Business

2 answers

SWOT means:
Strengths - internal
Weaknesses - internal
Opportunities-external
Threats -external

Strengths and weakness are internal to an organization whilst opportunities and threats are external. You would therefore have to examine a company's macro environment to determine the opportunities available to it and the threats that may hinder profitability.
Macro environment include Socio-cultural, legal, political, economic & technological.

A company's strength may be found in its knowlegeable staff, strong financial background, solid company image, brand equity etc
Weaknesses may include inexperience (ie for a new company), high staff turnover, inflexibility of top management etc.

The aim is to convert the weaknesses into strengths and the threats into opportunities if at all possible.

2007-03-11 10:54:52 · answer #1 · answered by Coleen W 4 · 0 0

Check this site.

2007-03-15 01:29:32 · answer #2 · answered by jdkilp 7 · 0 0

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