\u201cUse your opportunities to overcome your weakness and use your strengths to overcome your threats.\u201d. Lawrence G. Fine<\/p><\/blockquote>\n
SWOT analysis is a tool of environmental analysis. The daily tasks that we do are a totality of external and internal environment.<\/p>\n
The factors which include opportunities and threats are a part of the external environment and factors including Strength and weakness are a part of the internal environment.<\/p>\n
SWOT Analysis is a method which is used widely and it involves matching and combining the strength and weakness of the environmental opportunities and threats.<\/p>\n
SWOT Analysis is a methodology of examining potential strategy derived from the synthesis of any organization’s strength, weakness, opportunities and threats.<\/p>\n
The combination of the partnership of the different elements and the extensive data collected as a result of the SWOT ANALYSIS serves as a spark for the defined discussion and refinement of current strategies as well as generating new strategies.<\/p>\n
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Strength:<\/h2>\n
They are basically the ability to achieve the end results of the objectives. These are those areas where you are having an edge and which can be used to gain strategic advantage in your profession. Like:-<\/p>\n
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- The skills you are unparalleled in.<\/li>\n
- Your talents or natural-born gifts.<\/li>\n
- The strong connection that people see in you.<\/li>\n<\/ul>\n
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Weakness:<\/h2>\n
They are the limitations that are inherent, each individual needs to evaluate its weakness so that they can get the area where they are lacking or the areas where they need to hone themselves. Like:<\/p>\n
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- Which skills needs to be honed?<\/li>\n
- What are your bad traits?<\/li>\n
- Which habits needs to be changed?<\/li>\n<\/ul>\n
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Opportunity:<\/h2>\n
They are the favourable conditions persisting in the daily environment that adds to the strength and position of an individual while performing their daily task. Like :<\/p>\n
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- Is everyone happy from you?<\/li>\n
- Are you making use of new technology?<\/li>\n
- Are your skills accelerating?<\/li>\n<\/ul>\n
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Threats:<\/h2>\n
They are the unfavourable conditions persisting in the daily environment which might hinder the development or growth of an individual. Like:-<\/p>\n