Oct 20
Learn How to Take Advantage of Your Strengths
October 20, 2015
Identify the strengths that can help your business excel.
The entrepreneur who knows his strengths and weaknesses has a great advantage when starting his business, since this will allow for a more realistic planning.
It is advisable to use a method that allows you to determine both your stronger and weaker traits. The analysis tool known as SWOT is very useful to identify a business strengths and weaknesses. The SWOT term represents the first letters of the words: strengths, weaknesses, opportunities and threats. The concept is used in voarious industries, including business administration and communications. The method serves as a guide to help visualize the organization current situation.
- Strengths = Attributes of a person or company that are helpful in achieving the objective.
- Weaknesses =Attributes of a person or company that are harmful to achieving the objective.
- Opportunities = External conditions that are helpful to achieving the objective.
- Threats = External conditions which could do damage to the objective.