Textbook
SWOT Analysis - Idea, Methodology, And A Practical Approach
Due to strong competition and a continuous market change, most companies engage in strategic planning today to stay competitive in long run. Strategy has to capture internal and external aspects, that means to comprise competencies and market opportunities. Strategy has to come in view the own company, the costumers, and the competitors. The challenge is to create costumer values and competitive advantages to assure benefits and growth. The SWOT analysis is a strategic planning tool used to evaluate Strenghts, Weakness, Opportunities, and Threats of a company.
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