MANAGEMENT

Detailed explanation-1: -SWOT analysis is a framework for identifying and analyzing an organization’s strengths, weaknesses, opportunities and threats. These words make up the SWOT acronym. The primary goal of SWOT analysis is to increase awareness of the factors that go into making a business decision or establishing a business strategy.

Detailed explanation-2: -Strengths and weaknesses are internal characteristics of your business. For example, your strengths might include a unique product or a good reputation. A weakness might be a shortage of financing. Opportunities and threats are outside factors.

Detailed explanation-3: -Market analysis is a detailed assessment of your business’s target market and competitive landscape within a specific industry. This analysis lets you project the success you can expect when you introduce your brand and its products to consumers within the market.

Detailed explanation-4: -SWOT means Strengths, Weaknesses, Opportunities, and Threats. It’s a method for finding, analyzing, and documenting your company’s internal strengths and weaknesses within your control and external opportunities and threats that can affect the realization of your marketing objective.

Detailed explanation-5: -Using a SWOT analysis to develop a marketing strategy assists in making educated decisions based on several factors like upcoming challenges and relevant internal and external factors, then developing more targeted campaigns.