Explain importance of swot and pest analysis.

QuestionsCategory: QuestionsExplain importance of swot and pest analysis.
Rahul Rana asked 9 months ago

importance of swot and pest analysis

1 Answers
Aftab Alam answered 9 months ago

There are many Importance of SWOT Analysis:

  • SWOT Analysis helps the business to understand the conditions of the business.
  • SWOT Analysis helps to the formation of a strategy.
  • SWOT Analysis provide fresh data to the business.
  • SWOT Analysis helps in forwarding Planning.

There are many Importance of PEST Analysis:

  • PEST Analysis provides a deeper understanding of business.
  • PEST Analysis provides Exploit opportunities.
  • PEST analysis helps companies to prepare from threats.
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