SWOT Analysis (Edexcel A-Level Business): Flashcards

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SWOT Analysis
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SWOT stands for

Strengths, Weaknesses, Opportunities, Threats

SWOT analysis purpose

Strategic tool to summarise & evaluate internal/external audits

Internal SWOT factors

Strengths and Weaknesses

External SWOT factors

Opportunities and Threats

Strengths in SWOT

Positive internal traits giving competitive advantage

Weaknesses in SWOT

Negative internal aspects limiting performance

Opportunities in SWOT

Favourable external circumstances to exploit

Threats in SWOT

External factors that could damage business performance

Example: business strength

Visionary leadership, USP, motivated workforce, customer loyalty

SWOT creates value when

Business takes action on findings, not just identifies them

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