When a Business Needs SWOT Analysis?

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A business may need to conduct a SWOT analysis in a variety of situations.

A SWOT analysis is often used as a tool in the strategic planning process. It can help a business to identify its strengths and weaknesses, as well as opportunities and threats in the marketplace, which can inform the development of a strategic plan. lastly our students did kfc swot analysis as their assignment.

Before launching a new product or service, a business may conduct a SWOT analysis to determine whether it is likely to be successful. By identifying strengths, weaknesses, opportunities, and threats, the business can make more informed decisions about the launch.