A company can use SWOT analysis to overcome threats by first identifying potential dangers and competition activities. Once these threats are identified, the company can strategize on how to use its strengths to counter these threats. For instance, if a company identifies a new competitor as a threat, it can use its unique resources or achievements (strengths) to offer better services or products. Similarly, the company can work on its weaknesses that are exposing it to threats. For example, if lack of innovation is a weakness that is making a company susceptible to competition, the company can invest in research and development to improve on this.
Use your Strengths to overcome Weaknesses, and seize Opportunities to overcome Threats with our SWOT...
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