MANAGEMENT

Detailed explanation-1: -A SWOT analysis is a method under situation analysis that examines a company’s strengths, weaknesses, opportunities and threats, both from a current and future perspective. Ultimately, the goal of a company is to continue building on strengths while reducing weaknesses.

Detailed explanation-2: -The SWOT analysis is a tool that can be used to scan the internal and external environment of an organization. It helps identify strengths you can take advantage of and weaknesses you can take action on, as well as opportunities and threats for success.

Detailed explanation-3: -A SWOT analysis helps you assess internal factors that might affect your business (strengths and weaknesses) and external factors (opportunities and threats). You will need to review and act on the results from the SWOT analysis.

Detailed explanation-4: -There are five types of analysis typically used for situation analysis: SWOT analysis, PESTEL analysis, Porter’s Five Forces, 5C analysis, and VRIO analysis.