SWOT Analysis Flashcards
1
Q
What does SWOT stand for?
A
- Strengths (Internal)
- Weaknesses (Internal)
- Opportunities (External)
- Threats (External)
2
Q
What does SWOT aim to discover?
A
- What the business does better than the competition
- What competitors do better
- Whether it is making the most of the opportunities
3
Q
Using SWOT analysis
A
There is no point using a swot analysis unless it is actioned. It is an analytical technique.