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The first thing you must do is clearly define your goal or objective. Without this key step, you’ll lose the focus of your SWOT analysis, making it irrelevant and no longer useful. Follow that by conducting thorough research to gather all necessary data.
The 3Cs are Company, Customer and Competitor. The rationale behind this is that your opportunity lies in the intersection of the three: the company's strengths, customers’ needs, and competitors’ offerings
The four steps of SWOT analysis are the basis of the acronym SWOT: strengths, weaknesses, opportunities, and threats
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