Establishing A business

Question 1

S.W.O.T

Answer 1

Strength, Weakness, opportunities, Threats

Question 2

Swot Analysis

Answer 2

1. Short term plans- Opportunities + Trouble shooting. (weeks and months)
2. Medium term planning- Annual Budget + Plan: Analyze strengths and weaknesses to allocate resources effectively and leverage opportunities over 1-4 years.

4.Contingency plans- What If?… Anticipate potential threats and create strategies to minimize risks or adapt to changes using strengths and opportunities.

5. Project plan- Project implication Assess strengths, weaknesses, opportunities, and threats related to the project to ensure successful implementation.

Question 3

What is SWOT Analysis

Answer 3

SWOT analysis helps in aligning strategies with the organization’s internal and external environment for better planning and decision-making.