Strategy

Using SWOT Analysis to Plan for the New Year

Over the past few weeks, we have been working on year-end checklists, sorting paperwork and reviewing our actions over the year to understand where our business stands. A final step in analyzing the state of the business is reviewing the information we have gathered using the SWOT analysis to develop actionable plans that we can implement in 2019. Using the analysis tool, we took an objective look at our organization to identify the strengths, weaknesses, threats, and opportunities that can impact its ability to successfully meet stated goals and objectives.

Threats Or Opportunities Directions On A Signpost

State of the Business: Opportunities & Threats

Using the SWOT analysis tool, we’ve previously highlighted our internal strengths and weaknesses that can provide a competitive advantage in our operations. Today, in our journey for the continuous improvement of our businesses, we focus on identifying the opportunities and threats that can impact our business’ success. This analysis may require a little more effort to research data and regulations for your market.

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