SWOT Analysis &a Smart Business Goals Flashcards

1
Q

What is a SWOT analysis?

A

An analysis of a business’s strengths,weaknesses,opportunities and threats. It helps anticipate and solve possible problems.

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2
Q

The SWOT Analysis allows you to identify the areas you need to work on(—— and ——-) and areas you need to emphasize (—— and ——).

A

Threats
Weaknesses
Strengths
Opportunities

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3
Q

What does it mean if your business has more strengths and opportunities than threats and weaknesses?

A

You business has a good chance of succeeding.

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4
Q

What are goals?⚽️(GOOOOAAAALLLLL)

A

Aims that you work towards when you plan to achieve something.

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5
Q

What are personal goals?

A

An important part of planning how you will achieve your objectives in short,medium and long terms.

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6
Q

Business also need long,medium and short terms to be _____.

A

Successful.

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7
Q

What are SMART business goals?

A
Specific 
Measurable
Achievable
Realistic 
Time-Bound
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