Swot Analysis Examples

What is SWOT analysis?

SWOT analysis was created in the 1960s by business gurus Edmund P. Learned, C. Roland Christensen, Kenneth Andrews and William D. Book in their book "Business Policy, Text and Cases" (R.D. Irwin, 1969).

SWOT analysis is conducted in the form of four square matrices (Figure 1) which categories as strengths , weaknesses , opportunities and threat analysis.This analysis is a useful technique for identified and prioritized business internal and external influences on the viability of a project, place or person.Besides that, in a business context, the purpose of SWOT analysis is to assist business develop a guideline, a full conscious of these factors, positive and negative, that may affect strategic planning and business

Entrepreneurial mindset integrates the preliminary and the penal servitude with the capability to face and to conquer the most overpowering odds. Moreover, the entrepreneurs always concentrate on thinking about the innovation, planning business strategy and do eliminate any encumbrance, obstacles, or distractions to achieve their goals. They create strategies to ensure that the progress of project is being accomplished to company’s objectives everyday. Besides that, clear mindset always do the entrepreneurs focus on a power of imagination to create new items or goods in the competitive

The types of risk various from business to business. There are innumerable risks which classified into two factors,internal risk and external risk factor.

Internal Risk Factors

Internal risks are from factors such as the events occurring within the business enterprise. Probability of risk occurred can be forecasted and determined probability. Hence, it can be controlled by the businessman to an appreciable extent.

Human Risks

Although employees are important to business success, but they also an vital cause of internal risks. They might result from strikes by commerce unions, duplicity of an employee, accidents and deaths, incompetence of the manager or other important people in the organization.To cite for an example, sometimes, main employee being ill and unable to work at an important time may cause a lost in business.

Organization and Operational Risk

Operational factors such as access to credit, advertisement, and cost cutting.These are part of organizational and administrative procedures.Besides, these operational risk could affect business to achieve goals and objectives.Technological evolutions and changes in customer demand could threat business into the