Question

harold is developing a tech startup. he wants to develop a strong organizational culture, a good marketing plan, and a coherent business strategy in order to attract investors and customers. what is the foundation for developing these strengths?

Answer 1

The correct answer is SWOT method of business development.

SWOT stands for Strength, Weakness, Opportunity, and Threats in its entire form. The SWOT analysis enables one to identify your competitive advantages, areas for business expansion, and weak points. One can use this simple tool to find out what possibilities and risks a business faces.

Harold pays close attention to the demands and pulse of the clients who want to learn how to surf. It is a necessary component of assessing the potential and the power of the clientele.

By contrasting the operational processes of other persons engaged in the same surfing business, Harold also keeps an eye on the weaknesses and threats.

Along with identifying the weakness, Harold must also demonstrate the threat by redesigning his business strategy, which shouldn't be overlooked by current clients who are considering using the services of business people.

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