Use SWOT Analysis to assess your organization's current position before you decide on any new strategy.
Find out what's working well, and what's not so good. Ask yourself where you want to go, how you might get there – and what might get in your way. These are big issues, and you'll need a powerful but simple technique to help you: SWOT Analysis.
This article, video and infographic will help you to discover what SWOT Analysis is, how to carry one out, and how to apply its benefits to the max.What Is a SWOT Analysis?
SWOT stands for Strengths, Weaknesses, Opportunities, and Threats, and so a SWOT Analysis is a technique for assessing these four aspects of your business.
You can use SWOT Analysis to make the most of what you've got, to your organization's best advantage. And you can reduce the chances of failure, by understanding what you're lacking, and eliminating hazards that would otherwise catch you unawares.
Better still, you can start to craft a strategy that distinguishes you from your competitors, and so compete successfully in your market.Source: https://www.mindtools.com/pages/article/newTMC_05.htm