SWOT analysis and its importance in an organisation

Document Type:Essay

Subject Area:Economics

Document 1

The SWOT business enables organizations in monitoring issues and responds encountered in the different organization sectors. SWOT plays a major role in enabling new entrepreneur in the business brackets how to layout the strengths, their weaknesses, opportunity hence thus providing well strategic decision making. STRENGTHS Strengths is a strong area of the SWOT analysis which declares of the well carried out areas either individually or wholesome as an organization. This may spread from all ranges starting from external strengths, integrity in the organization, management and the general outlook for the business. Strengths, when early discovered provide great feedbacks thus maximizing on the income. They include technology, communication among many others which increases the organization’s production. THREATS Threats are an important element in the SWOT analysis hence it states about the current and future threats.

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