SWOT analysis was developed by the middle of the 1960s for large organizations to determine the strategic fit between an organization's internal, distinctive capabilities and external possibilities and to prioritize actions. SWOT stands for Strengths, Weaknesses, Opportunities and Threats. The steps in the common three phase SWOT analysis process are: 1: Detect strategic issues 2: Determine the strategy 3: Implement and monitor strategy
SWOT analysis was developed by the middle of the 1960s for large organizations to determine the strategic fit between an organization's internal, distinctive capabilities and external possibilities and to prioritize actions. SWOT stands for Strengths, Weaknesses, Opportunities and Threats.
ReplyDeleteThe steps in the common three phase SWOT analysis process are:
1: Detect strategic issues
2: Determine the strategy
3: Implement and monitor strategy