ITMD526-Week11-Blog
SWOT Analysis SWOT is an acronym that stands for Strengths, Weaknesses, Opportunities and Threats. It is an analysis commonly used to take important business decisions. The essential target of a SWOT analysis is to help associations build up a full consciousness of the considerable number of elements required in a choice. This technique was made in the 1960s by Edmund P. Learned, C. Roland Christensen, Kenneth Andrews and William D. Book in their book "Business Policy, Text and Cases" (R.D. Irwin, 1969). Apart from business and industry, SWOT analysis is used in community health and development, education and personal growths. SWOT analysis are commonly used in the following scenarios: Settle on choices about the best way for your initiative. Distinguishing your chances for achievement in setting of dangers to achievement can elucidate bearings and decisions. Modify and refine plans mid-course. Another open door may open more extensive roads, while another risk could...