What is SWOT analysis?

It is a management too which assess oorganization’s strengths, weaknesses, opportunities, and threats
It is a very important tools which helps in identifying all the crucial points which define the company, this also helps on self evaluation and the areas where the company can work on to reduce the weakness and increase the productivity.

A SWOT analysis is a technique for evaluating four areas of your business. It stands for Strengths, Weaknesses, Opportunities, and Threats.

SWOT Analysis is a tool that can help you analyze what your company does best right now and design a sustainable future strategy. SWOT analysis can also uncover parts of your organization that are holding you back or the organization gaps that your competitors can take advantage of if you don’t take precautions.

A SWOT analysis examines both internal and external challenges or what is going on inside and outside your business.

Strengths: Strengths are things that your company is very good at and in a way that sets it apart from its competition.
Weaknesses: Your organization’s weaknesses, like its strengths, are intrinsic aspects, so concentrate on your people, resources, systems, and procedures.
Opportunities: Opportunities are the possibilities to an organization implying that it might look for in the future with a positive outlook, but you must seize them.
Threats: Threats include anything that can harm your firm from the outside, such as supply-chain issues, market shifts, or a recruitment shortage.