What is a SWOT analysis and how can I use it?
A SWOT analysis is a strategic planning tool that helps you identify Strengths, Weaknesses, Opportunities, and Threats related to a business or project.
Can you give me an example of a SWOT analysis for a coffee shop?
Sure! For a coffee shop, strengths might include a loyal customer base, weaknesses could be high competition, opportunities might be expanding to online sales, and threats could be economic downturns.
How do I conduct a SWOT analysis effectively?
To conduct a SWOT analysis effectively, gather a team, brainstorm each category, prioritize the points, and develop strategies based on your findings.
What tools can I use to create a SWOT analysis?
You can use tools like SWOT analysis templates in Microsoft Word, Google Docs, or specialized software like Lucidchart or Miro.
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