business, decision making, Definition, entrepreneur, Industry, start-up, venture

Why SWOT analysis in entrepreneurship

What is SWOT ?

Strength ,Weakness, Opportunities, Threats

S What is the strength of the product or service that can be a great revolution ?
W What is the weakness that may lead to the death of the product or service from the market ?
O What is the opportunity that are lying ahead to work ?
T What threats may appeared or are whirling around the venture ?

SWOT analysis is being done overall one`s every business aspect in business terms for development further. It is a must for every start-up success.
All these four can altogether be a great tool of success in any dream venture, if you mind it.

Do SWOT and shoot to the sky! Maybe amongst stars one day!

Even a general man can be one genius by implementing a little SWOT analysis on his life.

What may be the SWOT analysis ,If the venture is about to product sale or service provider ?
Just one simple example of SWOT analysis of one organic products as below :

Strength : Product is in very demand because of its organic character . It is made up from plant,vegetable . NO harmful chemical, pesticides etc.Organic products are safe.Everybody can use like kids,big man, old man,women,patients.
Weakness :Organic products are short lived means expired soon.Lack of infrastructure like land,water etc…
Opportunity :Future is bright .Global market is lying and can go beyond.Can lead to innovation of other products in line with the product.
Threat : Other latest green organic products are rising, can kill its present demanding market due to same.

So, now what ? Are you going to do SWOT analysis ? Are you going to provide remarkable product or service to masses ?

Advertisements

7 thoughts on “Why SWOT analysis in entrepreneurship”

  1. You could definitely see your enthusiasm within the work you write. The world hopes for even more passionate writers such as you who are not afraid to mention how they believe. All the time go after your heart.

    Like

  2. A person essentially help to make seriously posts I would state. This is the very first time I frequented your web page and thus far? I surprised with the research you made to create this particular publish amazing. Wonderful job!

    Like

  3. Finding this internet site produced all of the function I did to find it appear like absolutely nothing. The reason being that this really is such an informative post. I wanted to thank you for this detailed analysis of the subject. I certainly savored every small bit of it and I submitted your web site to some with the biggest social networks so other people can find your blog.

    Like

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s