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swot analysis
a tactic business use to identify their STRENGTHS and WEAKNESSES as well as the OPPORTUNITIES and THREATS apparent in the industry
Strengths
are things that your team does particularly well, or in a way that distinguishes you from your competitors
weaknesses
stops a team from performing at its optimum level. They are areas where the team needs to improve to remain competitive.
Opportunities
are outside factors that can help an organization grow, improve, and achieve its goals. These are chances that the organization can use to become more successful.
Threats
are outside factors that can create problems or challenges for an organization. These factors may affect its success and require proper planning.
TOWS Matrix
a strategic tool that uses the results of SWOT Analysis to create possible strategies. It helps organizations decide what actions they should take by matching their strengths, weaknesses, opportunities, and threats.
TOWS stands for T
Threats
TOWS stands for O
opportunities
TOWS stands for W
weaknesses
TOWS stands for S
Strenghts