SWOT Analysis
A SWOT analysis evaluates the strengths, weaknesses, opportunities, and threats associated with a product, brand, or business.
Strengths highlight the competitive advantages, such as brand reputation, product quality, or unique features. Weaknesses identify internal challenges, such as high costs, limited market reach, or production inefficiencies. Opportunities focus on external factors that can be leveraged for growth, such as emerging market trends, technological advancements, or new customer segments. Threats address external risks, including competition, economic downturns, or changing consumer preferences.
By analyzing these factors, businesses can develop strategic plans to maximize their strengths, address weaknesses, seize opportunities, and mitigate potential threats. Read the SWOT Analysis my team and I made for Healing Justice Santa Barabra here!