Tag: Why is a SWOT useful

Why is a SWOT Analysis Important?
Business, Productivity

Why is a SWOT Analysis Important?

Before considering why a SWOT analysis is important, you must understand that what is meant by SWOT analysis. Well, it is actually an acronym. The full form of SWOT is strengths, weaknesses, opportunities and threats. This analysis is very important which will help you understand and analyse not only your own company, but also other top players in the relevant sector and other competitors that you may feel are at par with you. Now, you must read ahead to understand why a SWOT analysis is important and also necessary for you under any circumstance. 1) Strengths: First up in the name is strengths. This means that what is the field of expertise. This is denotes areas that have been mastered or almost achieved at a point where you are leading in the market. This may related to a particular p...