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Activity 10.1 Conduct a SWOT Analysis of an Unsuccessful Funding Application Use the SWOT analysis template in Activity 2.3.5 Conduct a SWOT Analysis (p56×. Examine all components of your application
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How to Fill Out and Conduct a SWOT Analysis?

Start by identifying strengths:

01
Evaluate the internal factors that give your business an advantage.
02
Consider your unique selling propositions, valuable resources, and exceptional skills.
03
Determine what sets you apart from competitors.

Move on to identifying weaknesses:

01
Examine the internal aspects that hinder your business growth.
02
Evaluate areas where you lack resources, skills, or face limitations.
03
Be honest and objective when identifying weaknesses for improvement.

Next, analyze opportunities:

01
Look at external factors that could positively impact your business.
02
Consider market trends, emerging technologies, or potential partnerships.
03
Identify areas where you can capitalize on and gain a competitive edge.

Finally, assess threats:

01
Evaluate potential external factors that could harm your business.
02
Analyze competition, changing market dynamics, or regulatory challenges.
03
Identify risks and plan strategies to mitigate or overcome them.

Who Needs to Conduct a SWOT Analysis?

Business Owners:

01
Entrepreneurs can benefit from a SWOT analysis to understand their business position, identify areas for improvement, and capitalize on opportunities.
02
It helps them make informed decisions, set realistic goals, and craft effective strategies.

Existing Companies:

01
Established companies can use SWOT analysis to evaluate their current position in the market, assess internal strengths and weaknesses, and explore potential growth opportunities.
02
It aids in identifying threats, managing risks, and adapting to changing market conditions.

Startups and New Ventures:

01
Conducting a SWOT analysis is crucial for startups and new ventures to understand their competitive advantages, weaknesses, and areas where they can differentiate themselves.
02
It provides insights for establishing a solid business foundation and positioning themselves in the market.
In conclusion, anyone involved in running a business, from entrepreneurs to established companies and startups, can benefit from conducting a SWOT analysis. It helps to evaluate internal and external factors, identify areas for improvement, and make informed decisions for long-term success.
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1 conduct a swot is a strategic planning tool used to identify and analyze an organization's strengths, weaknesses, opportunities, and threats.
Any organization or business looking to assess its current position and develop plans for the future can benefit from conducting a SWOT analysis.
To fill out a SWOT analysis, you need to identify the internal strengths and weaknesses of your organization as well as external opportunities and threats it faces.
The purpose of conducting a SWOT analysis is to help organizations develop strategies that leverage their strengths, address their weaknesses, take advantage of opportunities, and mitigate threats.
The information to be reported on a SWOT analysis includes internal factors such as resources, capabilities, and processes, as well as external factors like market trends, competitors, and regulatory changes.
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