“SWOT analysis is an instrumental framework that can assist a business or an organization assess its Strengths, Weaknesses, Opportunities and Threats. An environmental scan that includes both internal and external factors which creates an impact to a business is crucial specially when conducting strategic planning. Since all business organizations have a goal, it is very beneficial for them to conduct a SWOT analysis that would give them a complete and thorough state of the business. The SWOT analysis has four parts but this article would just discuss SWOT analysis weakness.
The SWOT analysis weakness is the second internal factor that must be considered when scanning the business environment. SWOT analysis weakness defines the features of the business that puts it in a certain disadvantage as compared to competitors.