SWOT Analysis. Introduction to Management. What is a SWOT Analysis?. A tool used buy companies to determine s trengths, w eaknesses, o pportunities, and t hreats. Once completed: will help determine if the business/corporation will achieve its goals in the defined area or…
Introduction to Management
Strengths - what a business or corporation does well.
Weaknesses – what a business or corporation does not do well.
Opportunities – potential favorable conditions for a business or corporation.
Threats – potential unfavorable conditions for a business or corporation.
What new technologies are available that the business can use to lower costs?
What interesting social patterns, population profiles, lifestyle changes, etc are occurring that could benefit my business?
What are interesting local events that might be used to benefit my business?
Have there been any significant changes in the industry in which you operate?
Are there any, or do you anticipate new competitors in your market?
Is the business keeping up with technological changes?