When should I use SWOT analysis?
SWOT analysis is best used during strategic planning, project evaluation, or when assessing a business opportunity.
Can you explain what SWOT stands for?
Sure! SWOT stands for Strengths, Weaknesses, Opportunities, and Threats.
How do I identify strengths and weaknesses?
You can identify strengths and weaknesses by analyzing internal factors like resources, capabilities, and processes.
What about opportunities and threats?
Opportunities and threats are external factors. Look at market trends, competition, and economic conditions.
Can I use SWOT analysis for personal development?
Absolutely! SWOT analysis can help you assess your personal skills, identify growth areas, and set goals.
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