Directions: Once you have chosen your business idea, the next step is to conduct a SWOT analysis in order to determine the Stren

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Directions: Once you have chosen your business idea, the next step is to conduct a SWOT analysis in order to determine the Stren

gths, Weaknesses, Opportunities and Threats of your potential business. This step will help you to improve your business of choice and prepare for challenges. The table below will help you differentiate among these four features. Write your answer on the space provided.

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1 answer:

Alex73 [517] · Answer 1 · 2022-12-02T07:43:02+03:00

Answer:

Conducting a SWOT analysis

Decide on the objective of your SWOT analysis. ...

Research your business, industry and market. ...

List your business's strengths. ...

List your business's weaknesses. ...

List potential opportunities for your business. ...

List potential threats to your businessStep 1: Identify strategic alternatives.

Remember that your strengths and weaknesses are internal to your company, while opportunities and threats are external to your company. Once you've pared these factors down, it's time to identify strategic alternatives.