Welcome to the SWOT Matrix Guide
What Exactly is SWOT Matrix Analysis? A Definition..
SWOT is as an acronym for Strengths, Weaknesses, Opportunities, and Threats. These four factors make up the SWOT MATRIX.
A SWOT analysis can be used to measure an organization's competencies and identify opportunities to taken by business management in the future.
Above is a sample template for personal or business use.
Organizations conduct a SWOT Analysis in order to identify various
factors that can impact performance. In other words, SWOT is used to
improve the current situation.
Internal aspects are scrutinized by looking at the Strengths and Weaknesses of the business such as employee skills and products. Opportunities and Threats are examined to reveal external factors facing the business, such as competitors or the economic situation.
In this article you will learn how to utilize one of most powerful template planning tools ever invented. Developed at Stanford University more than forty years ago, it is one of the easiest yet most effective systems in still in use today.
Planning your strategy is one of the most important aspects of
running or managing a business. By using this example strategic process you will
analyse competitive industry data and identify key areas for improvement and develop a roadmap to success.