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What is the purpose of a SWOT analysis?

A SWOT analysis is conducted to systematically evaluate and understand the internal strengths, weaknesses, as well as external opportunities and threats of a project, business, or situation. It provides a comprehensive overview that aids in strategic planning and...

How can a SWOT analysis help in strategic decision-making?

A SWOT analysis helps in making informed decisions by identifying the key factors that can influence the success of a project. It highlights areas of advantage and disadvantage, enabling organizations to capitalize on strengths, address weaknesses, seize...