What is opportunity ?
What is opportunity ?
Kanishka Apr. 12, 2023
Opportunity is third element in the four elements of a SWOT analysis, which stands for Strengths, Weaknesses, Opportunities, and Threats.
Opportunities refer to external factors or conditions that an organization can take advantage of to improve its performance or achieve its objectives.
These can include trends in the market, changes in regulations, advances in technology, new customer needs, strategic partnerships, and other favorable circumstances.
Identifying opportunities is important in developing strategies to capitalize on them and improve the organization's position in the market or industry.
