Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What is SWOT?

April 26, 2017swot

0

10 Posted

What is SWOT?

1 Answer

0

10 Posted

A. SWOT stands for Strength, Weakness, Opportunities and Threats. SWOT analysis was a result of the research conducted at Stanford Research Institute from 1960-1970 and funded by Fortune 500 companies to find out why corporate planning failed. The Research Team members consisted of Marion Dosher, Dr Otis Benepe, Albert Humphrey, Robert Stewart and Birger Lie. SWOT Analysis is a strategy formulation tool, taught in MBA programs and used by successful executives to analyze the position of their business before planning. Although this tool was developed for the business world, I find it to be an invaluable life planning tool.