Everyday your business is faced with new challenges, strengths, weaknesses, opportunities and threats. The good thing is, what happens to be a threat for your competitor could turn into a golden opportunity for you. All you need to do is keep your eyes open and take the right action!
SWOT Analysis (Strengths, Weaknesses, Opportunities, Threats) is also known as TOWS analysis. SWOT Analysis is a powerful technique to throw light on your business possibilities. SWOT Analysis helps you chisel out your strategies in a more streamlined manner and create a niche in the market.
Outsource2india can help you conduct a SWOT analysis to help give your business a more strategic focus.
Look at your strengths in the context of the competition. If you are comparing your product with a competitor who has a large share of the market, your own large share of the market is not a strength but a necessity.
You might need to get into your customers’ or competitors’ shoes to check if there are weaknesses that they perceive but you overlooked. It is more an internal versus an external view.
How could you turn your weaknesses into strengths? First find out what your weaknesses are, with Outsource2india’s SWOT analysis.
Opportunities could come your way through:
You can discover new opportunities by analyzing your strengths. You could also look at your weaknesses and think about the potential opportunities opening up if you eliminate your weaknesses.
Such analysis will often throw light on the future course of action, both in terms of putting problems into perspective and pointing out what needs to be done. Read this article to know more if SWOT analysis can help your business.
Strengths and Weaknesses are internal and Opportunities and Threats relate to external factors. Can you see the threats you could avoid? Let O2I shine the light on them so you can take corrective measures.
Outsource2india can conduct SWOT analysis for your competitors as well. This will enable you to pinpoint the areas where you can successfully compete with them.
SWOT Analysis is one of the many Research and Analysis outsourcing services provided by O2I. Research and Analysis services gives your organization critical business insights into core business strategies. Outsource2india has the necessary technology, advanced data analytical capability, domain expertise and business intelligence that creates high levels of measurable business value to customers.