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Unlocking Business Success : Benefits of SWOT Analysis
Episode 3117th March 2023 • Business Veda • Malay Damania
00:00:00 00:11:10

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“SWOT Analysis can help you to understand your own business in a better way”- Malay Damania.

Have you ever conducted a SWOT Analysis of your business? Do you know what SWOT Analysis stands for?

For the uninitiated, the SWOT stands for Strength, Weakness, Opportunity and Threats. 

In this episode, your host Malay Damania shares the importance of SWOT Analysis and what impact does this have on your business.

Key Takeaways

  • Strength is an internal factor and analyzing that can help you to understand what competitive advantage your business holds in the market.
  • Analyzing weakness is also internal as it helps you identify your limitations as a business and gives you an opportunity to fix them.
  • Analysis in business helps to identify market gaps and helps you to pivot accordingly. For this, you will have to scan opportunities in the market in your sector.
  • Threat analysis can help you identify problems and take prior steps to mitigate the risks.

Listen to the entire episode as your host shares at which stage in your business it is essential for you to conduct a SWOT analysis.

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Malay Damania conducts business mentoring and coaching sessions to help small and medium business owners, startup founders, entrepreneurs, and CEOs to get past their stagnancy in business to move into a growth trajectory.

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