A business can use a SWOT analysis to improve its competitive strategy by identifying its strengths, weaknesses, opportunities, and threats. Strengths and weaknesses are internal factors, while opportunities and threats are external factors. By understanding these elements, a business can leverage its strengths, improve its weaknesses, capitalize on opportunities, and mitigate threats. This can help the business to differentiate itself from competitors, improve its products or services, and make strategic decisions.
Do you feel trapped to outdo competitors? Better strategies can build a stronger defense against com...
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