SWOT Analysis - Threats and Weaknesses
Threats and Weaknesses - Threats can come in many different forms. They are issues that have the ability to threaten your business, to impact your sales and profits, to change the marketplace in which you compete, to either put you at a disadvantage or to put you out of business.
Weaknesses are the internal threats, those issues that are generally contained within the company, such as
And threats are generally external, ranging from your industry to the market as a whole, such as
Internal weaknesses are the most manageable as you have some ability to control the problem and the ability to create a solution.
External threats are the least manageable as the problem is outside of your control. The best way to deal with external threats is the ability to control your response and your ability to adapt to a changing environment.
QUESTION: What was your biggest takeaway from this story, or from this post? Share in the comments below!
Did You Like This Post? Download my free guide, The Principles for Sustainable Success
Through the Principles of Sustainable Success, you learn the skills you need now to double or triple your business and help you gain control of your time, money and work, eliminate distraction, improve alignment with your goals and achieve success year after year after year. The Principles establish within you a growth mindset along with the strategies that ensures success for you, your employees and your customers.
My free guide, The Principles for Sustainable Success, is filled with 40 pages of examples, stories and strategies demonstrating the key success principles in action at a variety of companies.
The book also gives you exercises that you can do on your own or with an accountability partner to quickly shift from struggling to success.
If you want to double or triple your business starting today, this book is the place to start.
It's free and it's yours.
Get Your Copy Now »