IGNOU MES 45 2013 - Identify the strengths, weaknesses, opportunities and threats of your

Question

Identify the strengths, weaknesses, opportunities and threats of your institutions, and suggest

ways to tackle weakness and threats.

04 Nov 2017

Answer :

Word Count : 741

WOT analysis (Strengths, Weaknesses, Opportunities, and Threats) is a method of assessing a business, its resources, and its environment. Doing an analysis of this type is a good way to better understand a business and its markets, and can also show potential investors that all options open to, or affecting a business at a given time have been thought about thoroughly.

The essence of the SWOT analysis is to discover what you do well; how you could improve; whether you are making the most of the opportunities around you; and whether there are any changes in your market—such as technological developments, mergers of businesses, or unreliability of suppliers—that may require corresponding changes in your business. This actionlist will introduce you to the ideas behind the SWOT analysis, and give suggestions as to how you might carry out one of your own. Know Your Strengths Take some time to

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