What is SWOT Analysis? | Meaning & Definition | Akrivia HCM

SWOT stands for any business firm’s strengths, weaknesses, opportunities, and threats. Human resource management or employee management people always do SWOT analysis before implementing a new policy or taking any important decision. They analyze various things like the company’s available resources, a competition they face inside and outside their business industry and region, the difference between competitors and their own company in terms of quality & prices offered to their customers, etc.

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