A SWOT analysis is a strategic tool used to identify and evaluate the Strengths, Weaknesses, Opportunities, andThreatsof a person, project, or organization.
The Four Components of SWOT Analysis
1. Strength
2. Weakness
3. Opportunity
4. Threat
How to Conduct a SWOT Analysis
Strengths: Identify what you or your organization does well.
How to Conduct a SWOT Analysis
Weaknesses: Acknowledge areas where you or your organization may be lacking or where improvements are needed.
Opportunities: Look for external factors or trends that you can leverage to your advantage.
How to Conduct a SWOT Analysis
Threats: Recognize external challenges that could impact your success.