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Post by account_disabled on Mar 4, 2024 22:09:48 GMT -6
If you want to thrive in a competitive market, you need to know how to evaluate your company's conditions, both internally and externally. Internally, you need to understand what you're doing well and where you could improve. On the outside, you need to consider what the future of your company will be and foresee the market challenges you are likely to face. Getting this information may seem like a daunting task, especially if you're a small business owner or work as a marketer for a small company, but it doesn't have to be complicated. To get started, all you need is a pen and paper. In this guide we will explore SWOT and TOWS analyses , two Venezuela Phone Number strategies that, used together, will allow you to evaluate your business, simplify business planning and develop a more robust business strategy. What is a SWOT analysis? A SWOT analysis is the process of discovering and examining different aspects of your company, organizing the information obtained into a simple 2X2 grid. Each quadrant of the grid corresponds to a letter of the acronym SWOT. The acronym stands for strengths, weaknesses, opportunities and threats. Below we explain the meaning of each word in the context of a SWOT analysis: Strengths: These are the things your company already does well, the unique resources your team possesses, or the competitive advantages it has. Strengths are internal factors , so you can build on them and use them to your advantage. Weaknesses: These are areas where your business could improve, where resources are needed, or where your competitors are outperforming you.
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