SWOT analysis is a strategic planning method used to evaluate the strengths, weakness, opportunities,and threats through this analysis we can know that whether we have interest in one thing or not and whether it give success or not.
SWOT analysis helps to one to find out what are their capabilities advantages and threats in a project or in business or in life.
For example
This analysis helps to make a proper decision.And it helps to convert weakness and threats into positive ones.
IMPORTANCE OF SWOT: 1.One can find out their positive and negative by SWOT analysis. 2. It helps to plan the capability. 3. Planed capability gives success. 4. It helps to develop skills. 5. It helps to individuals growth. 6. It helps to learn new things practically. 7.It helps to develop self confidence. 8.It drives away inability. 9.It brings success. 10.It help to know to present situation. 11.It helps for the future development. 12.It helps to use all the opportunities.
APPLICATION OF SWOT: 1.In finding self weakness. 2. To find out capability. 3. To resect others skills.4.In understanding ones abilities and areas of weakness and for being honest and objective about these. 5. In developing strategies.6.One can know what am I? 7. In self development. 8. In converting weakness to opportunities.
SWOT COMPONENTS:
Strength: They are the attributes of a person which are helpful to achieving a objective.If also gives strength to face problems.
WEAKNESS: They are the attributes of a person which are harmful to achieving the objectives.
We must try to change the weakness into capability or try to drive away the weakness by learning or experience of others. Sometimes learning or experience of other's. Sometimes one's strength can drive away his weakness.
OPPORTUNITIES: These are external conditions that are helpful to achieving the objectives. One must use the opportunities in correct way and in correct time.
THREATS: These are the external conditions which can damage one's performance.We must bold against threats.
SWOT helps to develop self employment and developing career activities and abilities. One can know the what is their knowledge about something which is unknown to others? SWOT ability to know the Strengths, Weakness, Opportunities, Threats.One can know what is their knowledge about something which is open to others?
Thanks for Reading…