DEFINATION
SWOT stands for Strengths, Weaknesses, Opportunities, and Threats.
Strengths and weaknesses are internal to your company.
With the help of swot analysis we can grow up the company
performance.
It’s very essential to accomplish your organisation goal.
We can identify our threat and weaknesses and beat up.
THREAT
S
Threats include anything that can negatively affect your business from the outside,
such as supply chain problems, shifts in market requirements, or a shortage of
recruits.
It's vital to anticipate threats and to take action against them before you become a
victim of them and your growth strength
Evolving technology is an ever-present threat, as well as an opportunity!
Always consider what your competitors are doing, and whether you should be
changing your organization's emphasis to meet the challenge.
Be sure to explore whether your organization is especially exposed to external
challenges.
Do you have bad debt or cash-flow problems,
for example, that could make you vulnerable to even small changes in your market?
This is the kind of threat that can seriously damage your business, so be alert.
STRENGT
H
Strengths are the qualities that enable us to accomplish the organization’s
mission.
These are the basis on which continued success can be made and
continued/sustained.
Strengths can be either tangible or intangible.
These are what you are well-versed in or what you have expertise in, the
traits and qualities your employees possess (individually and as a team)
and the distinct features that give your organization its consistency
WEAKNESSE
S
Stop an organization from performing at its optimum level.
They are areas where the business needs to improve to remain competitive.
A weak brand, higher-than-average turnover, high levels of debt.
An inadequate supply chain, or lack of capital.
IT takes lengthy smoke breaks, low technical skill, very prone to spending time
chatting.
OPPORTUNITY
Opportunities are presented by the environment within which our organization operates
These arise when an organization can take benefit of conditions in its environment to plan
and execute strategies that enable it to become more profitable.
Organizations can gain competitive advantage by making use of opportunities.
Organization should be careful and recognize the opportunities and grasp them whenever
they arise.
Selecting the targets that will best serve the clients while getting desired results is a difficult
task.
Opportunities may arise from market, competition, industry/government and technology.
Increasing demand for telecommunications accompanied by deregulation is a great
opportunity for new firms to enter telecom sector and compete with existing firms for
revenue.