The SWOT Analysis Helps Firms Identify Competitive Threats and Market Opportunities.
What Is SWOT Analysis? SWOT stands for Strengths, Weaknesses, Opportunities, and Threats. This analysis is a framework that categorizes these elements into four quadrants to give a business a clear view of its internal and external environment. Components of SWOT Analysis Performing a SWOT analysis allows a business to come up with some recommendations and…