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How to Do a SWOT Analysis: Complete Guide with Project Example

Posted: Wed Jan 29, 2025 9:48 am
by JoynobAkter
SWOT Analysis is an indispensable tool for focusing on the crucial points of your business and is the basis for developing an effective marketing plan. SWOT Analysis is used to evaluate the internal and external processes involved in our business model, in order to make decisions that take into account the objectives to be achieved and the context in which we will develop our project.

The SWOT matrix focuses on four pillars that make up the analysis how does cash app work? model to be carried out:

Strengths , our strong points
Weaknesses , our inevitable weak points
Opportunities , the market opportunities to be seized
Threats , external threats to the achievement of our goals

SWOT Analysis: the Matrix and the four boxes (Strengths, Weaknesses, Opportunities, Threats)
SWOT Matrix - Source: Wikipedia

The SWOT model is essential for evaluating the feasibility of a project and for implementing a strategy that takes into account both internal factors of the organization, such as its Unique Selling Proposition , and external factors such as opportunities linked to market needs.

In this article, I will highlight the main features of a SWOT matrix, give you some tips to start with the right approach, and show you an example infographic of a SWOT analysis for a manufacturing company.