How To Prepare A SWOT Analysis Assignment

SWOT Analysis is also known as SWOT matrix which is often used by a person or organization to find out strengths, weaknesses, opportunities, and threats regarding the business and use this strategic planning technique to have a more robust decision-making process.

SWOT analysis is intended to find out the objective of the project and businesses use them to determine the internal and external factors that are helping and obstructing to achieve those objectives.

SWOT matrix is one of the most widely used topics for homework for marketing students, those who are not able to complete the homework on its own can definitely take Marketing assignment help from Essay Help.

Let’s understand how SWOT works and its entity

SWOT basically is a method to assume the strength and weakness, and the acronym can be described as

• Strengths
• Weakness
• Opportunities
• Threats

Strengths

The very start of SWOT is to analyze the strength of an organization. These strengths are mostly the resources and capabilities of the organization to develop a strong product and give quality services. In today's digital world the brand image is one of the strengths, whereas as the technology used in production, cost-effectiveness, network control, quality workplace are some more strengths of an organization.

Weakness

By its literal meaning weakness are just the opposite of strength. Lack of brand awareness, lack of production, high-cost products, no good resources, and no expert workforce are some weaknesses of an organization, which can be determined using SWOT analysis. If assignments are your weaknesses then you can overcome with marketing assignment help in Australia as an opportunity, which is the next entity we will discuss further.

Opportunities

Opportunities are new instances that help businesses to overcome the weaknesses and further excel with a high growth rate. Instances such as unsatisfied customer from other companies, new market discovery, getting more sales locations, changes of government rules in favor of businesses, removal of trade barriers, coming of new technologies, etc. are some of the opportunities which likely increases the growth and profit of the business.

Threats

Factors that can cause a negative impact and lowers the profits are a threat to business. An increasing number of competition, changing of rules, are some common threats. Take Marketing Assignment Help Australia if you are threatened by the last date of submission for your homework.