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Compare the strengths and weaknesses within just the business towards the external threats and prospects. Establish if the corporate is in a strong competitive situation, and decide if it may carry on at its recent pace successfully.

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Phase 3: Analyze the External Atmosphere The 3rd action includes figuring out chances and threats in just the business’s external surroundings. This is where the 2nd Section of the SWOT analysis (the O and the T) comes into Engage in.