SWOT analysis is a strong tool in strategic planning primarily used to understand the business or individual by identifying and evaluating its strengths, weaknesses, opportunities, and threats. It helps comprehend the internal and external factors that influence an organization or personal goals to success. This article contains the elements of SWOT analysis, the template, how…
In the sphere of strategic planning and business analysis, SLEPT and SWOT represent two common tools that help an enterprise comprehend the environment and pave the way for proper decision-making. While these two frameworks are used for related business purposes, they differ by focus and application. This article explains, with examples, the main differences between…
The Ansoff Matrix, also known as the Product/Market Expansion Grid, is a strategic planning tool that businesses use to help in developing their product and market growth strategy. It was invented by Igor Ansoff in 1957. It provides the framework that is necessary for identifying growth opportunities by matching up existing and new products against…
