What does SWOT analysis mean?
SWOT analysis is a method that comprehensively considers various factors of internal conditions and external environment of enterprises, conducts systematic evaluation, and thus selects the best business strategy. S refers to the advantages inside the enterprise, W refers to the disadvantages inside the enterprise, O refers to the opportunities outside the enterprise, and T refers to the threats outside the enterprise. Therefore, SWOT analysis is actually a method to synthesize and summarize the internal and external conditions of enterprises, analyze the strengths and weaknesses, opportunities and threats faced by enterprises, and then help enterprises make strategic choices.