S
What does SWOT stand for?
Strengths
Weaknesses
Opportunities
Threats
These TWO components of a SWOT Analysis represent internal factors within a company.
Strengths
Weaknesses
These TWO components of a SWOT Analysis represent external factors of a company.
Opportunities
Threats
These are the things &/or processes occurring within an organization that hold your company back.
Weaknesses
What is this Little Debbies snack brand?
Cosmic Brownies
These are the successful things you do inside your business that make you different from others.
Strengths
This component of a SWOT analysis depicts chances for a company to grow because of things happening outside of it.
Opportunities
These are negative things outside of a company that it can't control.
Threats
McDonald’s vast network of drive-thru locations and powerful global brand recognition represent this SWOT component
Strengths
Who is the manufacturer of this vehicle?
Rivian
Finances, company staff, and physical assets are all examples of this FACTOR type evaluated in a SWOT analysis.
Internal Factors
New technology that makes your products old-fashioned, or shifting consumer trends that lower demand are examples of which component of a SWOT analysis?
Threats
According to the notes - When conducting a SWOT analysis - once weaknesses are identified, it's not enough to just find them—a business must do this next.
Actually Fix Them
Fluctuating gas prices, new EV charging mandates, local economic downturns, and new competitors opening down the street all belong to this overall category.
External Factors
Who is this PGA golfer?
Rory McIlory
A SWOT analysis is used for this type of planning.
Strategic Planning
Market trends, customer behaviors, and industry shifts are examples of this FACTOR type in a SWOT analysis.
External Factors
Project management teams regularly monitor these metrics, abbreviated as KPIs, to measure whether business changes are successful.
Key Performance Indicators
The growing popularity of late-night delivery apps like DoorDash, allowing Taco Bell to reach hungry late-night customers without opening new physical stores, is an example of this SWOT component.
Opportunities
What college / university does this logo represent?
Long Island University (LIU) Sharks
A business can understand its current position and make smart plans for the future by taking this approach to a SWOT analysis.
Looking @ All 4 Parts Together
A SWOT analysis's structured format makes it easy to understand and share this aspect of a business, along with pinpointing where to grow or invest.
It’s Position in the Market
When implementing plans to fix weaknesses identified in a SWOT analysis, a business might hire these external experts for outside help.
Consultants
QuikTrip's clean stores, efficient kitchen staff, employee training programs, and limited parking spaces at older locations all belong to this category.
Internal Factors
Who is the governor of Missouri?
Mike Kehoe