Lesson 1 Discussion 2020 unread replies.2020 replies. Answer the following question(s): How can a SWOT analysis...

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Economics

Lesson 1 Discussion 2020 unread replies.2020 replies. Answer thefollowing question(s): How can a SWOT analysis be used in order toidentify areas of opportunity and improvement? How do the people ofthe organization factor in to future opportunities andimprovements? Please provide examples in order to illustrate yourresponse

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SOLUTION SWOT ANALYSIS BE USED TO IDENTIFY AREAS OF OPPORTUNITIES AND IMPROVEMENT OPPORTUNITIES A SWOT analysis can help you identify opportunities that your business could take advantage of to make greater profits Opportunities are created by external factors such as new customer trends and changes in the market Conducting a SWOT analysis will help you understand the internal factors your businesss strengths and weakness that will influence your ability to take advantage of a new opportunity If your business doesnt have the capability to seize an opportunity but decides to anyway it could be damaging Similarly if you do have the capability See Answer

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