Unveiling the Power of SWOT Analysis in Assessing Competing Entities One of the most effective tools in strategic planning is the SWOT analysis, which stands for Strengths, Weaknesses, Opportunities, and Threats. This analytical framework provides a comprehensive overview of the internal and external factors affecting a business or organization. In this article, we delve into the significance of conducting a SWOT analysis for evaluating competing entities, empowering businesses to make informed decisions and gain a competitive edge. Understanding the Basics of SWOT Analysis Before delving into the intricacies of applying SWOT analysis to assess competing entities, let’s first grasp the fundamentals of this strategic tool. SWOT analysis involves identifying and…