What is SWOT analysis? and what is it used for?

Is an analysis of the company internal and external factors  though known a company Strength (what is good at) Weakness ( internal ) opportunity and threats both external .. it enables the firm to use it capabilities and resources to gain competitive advantages.

Strengths, Weaknesses, Opportunities and Threats. Its a simple analysis that focuses on the position on your company, or product in the a competitive landscape. 

It stands as; Strength, Weakness, Opportunity, Threat. This implies to know the performance of product and services with all entities of this analysis within the companies resources weather it is internal or external.Before launching any kind of services or products its a effective tool to know the actual standing of the particular products or services.

Strength Weakness Opportunities Thread, To me it is simply analysis of you past or present performance and preparing for the future as how to be more successful while avoiding pitfalls. It is a tool used organization and very much common with marketing people.

To see the internal strength and weakness and external opportunities and threats to the business to arrive at decision.

SWOT  - S- Strengths, W- Weaknesses, O-Opportunities, T-Threats.

SWOT analysis is a management concept where one can analysis the individual/any entities above mentioned attributes thereby to reach an understanding to proceed further.

My2 cents. Thanks.

A SWOT analysis (alternatively SWOT matrix) is a structured planning method used to evaluate the strengths, weaknesses, opportunities and threats involved in a project or in a business venture

A SWOT analysis is required to specify the objective of the business or project to measure the internal and external factors that are favourable and unfavourable to meet the final goals. The SWOT Analyses will help you to determine the Strengths, Weaknesses, Opportunities & Threats of your industry.

A SWOT analysis is a planning tool used to understand the Strengths, Weaknesses, Opportunities, and Threats involved in a project or in a business. It involves stating the objective of the business or project and identifying the internal and external factors that are either supportive or unfavourable to achieving that objective. SWOT is often used as part of a strategic or business planning process, but can be useful in understanding an organisation or situation and decision-making for all sorts of situations.

It is a structured planning method used to evaluate the strengths, weaknesses, opportunities and threats involved in a project or in a business venture.

We can call it as SWOT matrix also