SWOT Analysis (Leaving Cert LCVP): Flashcards

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SWOT Analysis
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SWOT acronym meaning

Strengths, Weaknesses, Opportunities, Threats

Strengths in SWOT

Internal positive factors giving business advantages

Weaknesses in SWOT

Internal negative factors creating disadvantages

Opportunities in SWOT

External positive factors that could benefit the business

Threats in SWOT

External negative factors that could harm the business

Internal vs external SWOT factors

Internal: strengths & weaknesses; External: opportunities & threats

Steps in SWOT process

7 steps: research business, identify S/W/O/T, record in grid, analyse

Recording SWOT findings format

4-box SWOT grid or structured table

SWOT benefit - business overview

Provides clear snapshot of current business situation

LCVP exam tip for SWOT

Use local business examples for maximum relevance

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