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TABLE OF CONTENTS
Definition Of SWOT Analysis
SWOT Analysis of a General Store/Corner Shop.
This assignment helps us to know about the meaning of SWOT analysis. SWOT analysis uncovers our strength, opportunities, weaknesses, threats. SWOT analysis of a general store will spread light on all above internal and external factors that are favourable or unfavourable to achieve our desire goal.
Definition of SWOT Analysis
SWOT analysis is a strategic planning method used to evaluate the Strengths, Weaknesses, Opportunities, and Threats involved in a project or in a business venture. It involves specifying the objective of the business venture or project and identifying the internal and external factors that are favorable and unfavorable to achieve that objective. The technique is credited to Albert Humphrey, who led a convention at Stanford University in the 1960s and 1970s using data from Fortune 500 companies. SWOT basically stands for:
Strengths: attributes of the person or company that is helpful to achieving the objective(s). •
Weaknesses: attributes of the person or company those are harmful to achieving the objective(s). •
Opportunities: external conditions that is helpful to achieving the objective(s). Threats: external conditions which could do damage to the objective(s). SWOT analysis of a General store/Corner shop
Wide range of products
Lack of knowledge
Absence of important skills
Poor access to distribution
Unsatisfaction of consumer
Unavailability of resources...
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