SWOT Flashcards

1
Q

SWOT advantages

A
  • makes you understand your business better
  • deter threats by identifying the threats
  • able to address weaknesses
  • capitalise on opportunities
  • develop business goals and strategies for achieving them
  • no need for an external consultant to make one
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

SWOT disadvantages

A
  • only one aspect of the business planning process - = still a need to conduct more in depth research and analysis
  • doesnt cover those that are a both a strength and weakness i.e. good location but expensive
  • product lots of information but not all of its useful
  • doesnt prioritise issues
  • doesnt provide solutions
How well did you know this?
1
Not at all
2
3
4
5
Perfectly