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Ugh. We’ve all been there. You register for an event, you get a confirmation email, you get an RSVP from the person who registered you, and then… nothing. You're left on your own with no idea what happens, who you need to contact, or how to find information about the event. You flail for a few hours only to achieve nothing to make the event happen.
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A SWOT analysis is designed to facilitate a realistic, fact-based, data-driven look at the strengths and weaknesses of an organization, initiatives, or within its industry. The organization needs to keep the analysis accurate by avoiding pre-conceived beliefs or gray areas and instead focusing on real-life contexts. Companies should use it as a guide and not necessarily as a prescription. That other big search engine, Bing from Microsoft, also does reverse image searches, but calls it "visual search." Click Bing's camera icon on any mobile browser or in the Bing app. A pop-up says that in order to search with an image, you'll need to give Bing access to your camera; accept or decline with a tap. (Source: www.pcmag.com)
Strengths describe what an organization excels at and what separates it from the competition: a strong brand, loyal customer base, a strong balance sheet, unique technology, and so on. For example, a hedge fund may have developed a proprietary trading strategy that returns market-beating results. It must then decide how to use those results to attract new investors.
Using internal and external data, the technique can guide businesses toward strategies more likely to be successful, and away from those in which they have been, or are likely to be, less successful. Independent SWOT analysts, investors, or competitors can also guide them on whether a company, product line, or industry might be strong or weak and why. (Source: www.investopedia.com)