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A tool used by organisations to help the firm establish its Strengths, Weaknesses, Opportunities and
Threats (SWOT). A SWOT analysis is used as a framework to help the firm develop its overall corporate,
marketing, or product strategies. Note:Strengths and Weaknesses are internal factors which are
controllable by the organisation. Opportunities & threats are external factors which are
uncontrollable by the organisation.
A SWOT analysis is an excellent tool to use if the organisation wants to take a step back and assess the
situation they are in. Issues raised from the analysis are then used to assist the organisation in
developing their marketing mix strategy. A SWOT analysis must form the part of any prudent marketing
strategy.