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Often in business we see the recurring phenomenon of the first-mover advantage that comes when organisations pounce on a trend to steal a march on rivals. The opportunity to be an early adopter in AI is here now as new products provide big advantages for those bold enough to commit to change.
SWOT (Strengths, Weaknesses, Opportunities, Threats) is a method used to evaluate a company and its environment. A SWOT analysis can help assess a business unit, product, service, or whole company. Below, we go into detail about how you can create a SWOT analysis and use it efficiently in your business. What Is SWOT Analysis?
SWOT Analysis SWOT analysis examines Strengths, Weaknesses, Opportunities, and Threats. Examples include: New market trends Changing regulations Emerging competitors Economic shifts SWOT helps identify areas for improvement and growth, contributing to a competitive advantage. Strengths and weaknesses are internal factors.
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