In a traditional SWOT analysis what does the letter “O” stand for?
In a traditional SWOT analysis, the letter “O” stands for Opportunities. Opportunities refer to external factors or trends that an organization can capitalize on to achieve its goals and improve its performance. Identifying opportunities involves analyzing the market, industry trends, competitive landscape, and other external elements that could benefit the organization. This aspect of the SWOT analysis helps businesses strategize on how to leverage these opportunities for growth, innovation, and competitive advantage.
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