EDP(LECTURE 8)

MARWARI COLLEGE,RANCHI

                                              (UNDER RANCHI UNIVERSITY RANCHI)

NAME : RAJU MANJHI,PRAKASH KUMAR 

SUB: EDP

SEM : IT /CA/BCM VI
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SWOT:

SWOT stands for Strengths, Weaknesses, Opportunities, and Threats, and so a SWOT Analysis is a technique for assessing these four aspects of your business.

Strength , weakness ,opportunity& threats on the basis of growth of profit and evaluation of existing  situation of an organization is done by analyzing the strength of weakness opportunity and threats influenced by internal and external on rational and international factors. Strength imitates from intrinsic capability and environmental condition while adverse internal or external condition influence weakness in an organization opportunities are unleashed by the growth in the business  within a country and outside but threats can be mounted from substitutes new product level , new technology & competitors etc.

Strengths

Strengths are things that your organization does particularly well, or in a way that distinguishes you from your competitors. Think about the advantages your organization has over other organizations. These might be the motivation of your staff, access to certain materials, or a strong set of manufacturing processes.

Weaknesses

Weaknesses, like strengths, are inherent features of your organization, so focus on your people, resources, systems, and procedures. Think about what you could improve, and the sorts of practices you should avoid.

Opportunities

Opportunities are openings or chances for something positive to happen, but you'll need to claim them for yourself!

They usually arise from situations outside your organization, and require an eye to what might happen in the future. They might arise as developments in the market you serve, or in the technology you use. Being able to spot and exploit opportunities can make a huge difference to your organization's ability to compete and take the lead in your market.

Threats

Threats include anything that can negatively affect your business from the outside, such as supply chain problems, shifts in market requirements, or a shortage of recruits. It's vital to anticipate threats and to take action against them before you become a victim of them and your growth stalls.