Using SWOT Analysis to Formulate Strategy

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Issue:

Business

 

Written by:

Eduardo R

 

Date added:

December 21, 2010

 

Level:

University

 

Grade:

A

 

No of pages / words:

8 / 2155

 

Was viewed:

4080 times

 

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(Griffin, 2003) By looking at yourself and your competitors using the SWOT structure, you can start to craft a strategy that helps you differentiate yourself from your competitors, so that you can compete successfully in your market. This helps you to focus on your strengths, minimize threats, and take the greatest possible advantage of opportunities available to you...
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This helps you to focus on your strengths, minimize threats, and take the greatest possible advantage of opportunities available to you. SWOT is a frequently used management tool, useful for reflection, decision making and appraising options. It is particularly useful because of its simplicity, the way in which it takes seconds to set up, and can be easily explained to others...
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