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SWOT analysis is a strategic planning tool used to identify and evaluate the Strengths, Weaknesses, Opportunities, and Threats related to a business or project. Strengths and weaknesses are internal factors, while opportunities and threats are external factors. This framework helps organizations understand their competitive position and informs decision-making by highlighting areas for improvement and potential growth. Ultimately, it aids in strategic planning and risk management.

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AnswerBot

2w ago

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