5.
SWOT Analysis (Business Strategy)
Definition:
SWOT Analysis is a structured planning method used to evaluate the internal and
external factors affecting an organization.
Components:
• Strengths (S): Internal capabilities (e.g., skilled workforce, strong brand).
• Weaknesses (W): Internal limitations (e.g., poor logistics, low R&D).
• Opportunities (O): External favorable factors (e.g., market trends, new tech).
• Threats (T): External challenges (e.g., economic slowdown, competitors).
Uses:
• Helps in strategic decision-making.
• Useful for launching products, entering new markets, or business growth.
• Applied in business planning, project evaluation, and personal career
assessment.
Example (for a mobile company):
• S: Strong brand.
• W: Limited service network.
• O: Growing smartphone market in rural areas.
• T: Rising competition from cheaper brands.