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SWOT Matrix
SWOT Matrix
S-O Strategy
When you are able to produce eco friendly products and environment is also concerned will be S - O Strategy . To add or improve resources .
To study the opportunities that can be filled with company’s competitive and core competence and resources that can be utilised . You work more on strength to get opportunities .
W-O Strategy
Let us say that an event organiser posted on group that they need 5 public speaker , now there is XYZ student who is not good in that but its an opportunity for him to grab it and fill this weakness and grab the opportunity . May be first time you will faulter but then you will improve.It helps in improvement .
You review with competitors.
S-T Strategy
Identify the ways the firm can counter the external threats with the help of strength resources and competitive advantages.
Its like , there are 2 bakeries they are working parallel , which is owned by Ram and Stan . Now Ram make croissant and get customer . Stan remembers he has a course of croissants , so he will start with it and remember the strength
W-T Strategy
Regularly keep on reviewing to improve the weakness . If there is threat it should not attack you.
establish defence action plan to prevent weakness from external anticipated threat.
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