What is SWOT Analysis?

SWOT ANALYSIS EXPLAINED

Standard Definition

SWOT analysis is a strategic planning tool used to identify and evaluate the Strengths, Weaknesses, Opportunities, and Threats of a business or project. It involves assessing both internal factors (Strengths and Weaknesses) and external factors (Opportunities and Threats) to determine the current position and potential future success of the organization.


Explain to me like I'm a...

Explain SWOT ANALYSIS to me like I

Beginner

A SWOT analysis is a way of looking at a business or project and identifying its strengths, weaknesses, opportunities, and threats. This helps you understand what you are good at, what you need to work on, what opportunities you can take advantage of, and what challenges you may face. It's like making a list of all the good and bad things about your business so you can plan how to improve and succeed.


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5 Year Old

A SWOT analysis is a way to look at the strengths, weaknesses, opportunities, and threats of something, like a business or a project. It helps you figure out what you are good at, what you need to work on, what good things could happen, and what bad things could happen. It's like making a list of all the good and bad parts of something so you can make a plan to make it even better.


Explain SWOT ANALYSIS to me like I

Cat

SWOT analysis is a way to understand the strengths, weaknesses, opportunities, and threats of a situation. It helps us figure out what we're good at, what we need to work on, what we can take advantage of, and what might be a problem. It's like a way to plan and prepare for anything that comes our way.


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Cat Owner

Oh! A SWOT analysis is like when you sit down and think about all the good things, bad things, opportunities, and threats that could affect your cat's health and happiness. It helps you figure out how to keep your furry friend safe and content by understanding what could help or hurt them. It's like making a plan to make sure your cat has the best life possible!


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Golden Retriever

A SWOT analysis is a way for humans to figure out what they are good at, what they could improve on, and what challenges they might face. It stands for Strengths, Weaknesses, Opportunities, and Threats. It helps humans understand their situation better and make plans to be the best they can be.


Explain SWOT ANALYSIS to me like I

Pirate

Ahoy matey! A SWOT analysis be a way for us scallywags to assess our strengths, weaknesses, opportunities, and threats. It be helpin' us to understand where we be standin' in the treacherous waters of business. By knowin' our strengths and weaknesses, we can sail smoother seas and chart a course for success. And by identifyin' opportunities and threats, we can stay ahead of our enemies and avoid any hidden dangers. So, me hearty, a SWOT analysis be a valuable tool for any pirate lookin' to conquer the high seas of business! Arrr!


TLDR

TL;DR

  • Strengths: internal factors that give a company a competitive advantage.
  • Weaknesses: internal factors that may hinder a company's success.
  • Opportunities: external factors that a company can capitalize on to grow and succeed.
  • Threats: external factors that may pose a risk to a company's success.


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