SWOT Analysis

SWOT is an abbreviation for Strengths, Weaknesses, Opportunities and Threats. SWOT analysis
is used for identifying those areas where an organization is strong, where it is weak, the major
opportunities the company can explore and the threats. SWOT analysis is a useful tool for
assessing the strategic position of a business and its environment. SWOT Analysis helps a
company to know where it stands by exploring key issues:

Strengths

What do we do well?

How are we better than our competitors?

Weaknesses

What could be done better?

What is being done badly?

Opportunities

What are the opportunities that can be exploited?

What are the interesting trends?

Threats

What obstacles are being faced?

What is the competition doing?

Are the specifications for the products or services changing?

Is changing technology threatening our business?