Definition of SWOT analysis:
A study to determine an organization's internal strengths and weaknesses, as well as external opportunities and threats.
Analyze the situation to determine the strategy to face the internal strengths and weaknesses of the organization as well as external opportunities and threats. SWOT means strength, weakness, opportunity and danger. See also insect analysis.
How to use SWOT analysis in a sentence?
- Before making business decisions, a company should conduct a SWOT analysis to assess its internal strengths and weaknesses, as well as the opportunities and risks of the external environment.
- When people are planning their future, it is useful to do a SWOT analysis of their strengths, weaknesses, opportunities and risks.
- They used SWOT analysis to evaluate their business creation and concluded that this was not a good idea.
- In her marketing class, Catherine and her colleagues develop a SWOT analysis of a fake company that describes its strengths, weaknesses, opportunities and risks.
Meaning of SWOT analysis & SWOT analysis Definition