A SWOT analysis is a strategic planning method used to evaluate the strengths, weaknesses, opportunities, and threats that affect something. It involves identifying the internal factors (strengths and weaknesses) and external factors (opportunities and threats) that can affect a company's success.
Strengths: The company has been in the industry for more than 20 years. They have strong relationships with their clients.
Weaknesses: The company has been struggling to maintain profitability in recent years due to increased competition.
Opportunities: The company is looking into expanding its business through new product development.
Threats: There are many competitors in the market who offer similar products at lower prices.
Strengths: The company has been in the industry for more than 20 years. They have strong relationships with their clients.
Weaknesses: The company has been struggling to maintain profitability in recent years due to increased competition.
Opportunities: The company is looking into expanding its business through new product development.
Threats: There are many competitors in the market who offer similar products at lower prices.