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What is the Purpose of SWOT Analysis in Business?

The purpose of SWOT analysis which means Strengths, Weaknesses, Opportunities, and Threats is to provoke the think tank of the organization to generate the impact of the success for a particular issue. When an organization is unsuccessful to consider a pivotal strength, weakness, threat, or opportunity, likely to lead to substandard business decisions. The business-facing […]

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7 Steps of Decision Making Process with Examples

What is the decision-making process? Decision-making is a process of accepting choices by addressing a decision properly, accumulating information, and evaluating alternative resolutions for the best possible result. A step-by-step decision-making process can assist to generate more thoughtful, and deliberate decisions by archiving relevant information and defining alternative options. That means a decision-making process is […]

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