MANAGEMENT

Detailed explanation-1: -In the acronym SWOT ‘O’ stands for opportunities. The acronym SWOT stands for Strengths, Weaknesses, Opportunities and Threats. IE Matrix is the other name give to SWOT. SWOT analysis is to analyze the business environment and the strategic capability of an organization relative to its competitors.

Detailed explanation-2: -Definiton: SWOT stands for ‘Strengths, Weaknesses, Opportunities and Threats’.

Detailed explanation-3: -Opportunities. Opportunities refer to favorable external factors that could give an organization a competitive advantage. For example, if a country cuts tariffs, a car manufacturer can export its cars into a new market, increasing sales and market share.

Detailed explanation-4: -SWOT is an abbreviation for: a) Internal Strengths (S), Internal Weaknesses (W), External Opportunities (O), External Threats (T).