SWOT Analysis &a Smart Business Goals Flashcards
What is a SWOT analysis?
An analysis of a business’s strengths,weaknesses,opportunities and threats. It helps anticipate and solve possible problems.
The SWOT Analysis allows you to identify the areas you need to work on(—— and ——-) and areas you need to emphasize (—— and ——).
Threats
Weaknesses
Strengths
Opportunities
What does it mean if your business has more strengths and opportunities than threats and weaknesses?
You business has a good chance of succeeding.
What are goals?⚽️(GOOOOAAAALLLLL)
Aims that you work towards when you plan to achieve something.
What are personal goals?
An important part of planning how you will achieve your objectives in short,medium and long terms.
Business also need long,medium and short terms to be _____.
Successful.
What are SMART business goals?
Specific Measurable Achievable Realistic Time-Bound