7.1.3

SWOT Analysis

Test yourself

SWOT Analysis

A business can use a SWOT analysis to explore its internal strengths and weaknesses and the external opportunities and threats facing the business.

Illustrative background for Internal strengthIllustrative background for Internal strength ?? "content

Internal strength

  • An internal strength may include a trusted and reputable brand which is recognised by many.
Illustrative background for Internal weaknessIllustrative background for Internal weakness ?? "content

Internal weakness

  • An internal weakness may include cash flow concerns or lower profit margins than others within the industry.
Illustrative background for External opportunityIllustrative background for External opportunity ?? "content

External opportunity

  • An external opportunity may include an expanding market nationally or internationally.
Illustrative background for External threatIllustrative background for External threat ?? "content

External threat

  • An external threat may include a declining market or increased competition.

Jump to other topics

1What is Business?

2Managers, Leadership & Decision Making

3Decision Making to Improve Marketing Performance

4Decision Making to Improve Operational Performance

5Decision Making to Improve Financial Performance

6Improving Human Resource Performance

7Analysing the Strategic Position of a Business

8Choosing Strategic Direction

9How to Pursue Strategies

10Managing Strategic Change

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