https://www.youtube.com/watch?v=mR9eICQJLXA

SWOT Analysis is a strategic planning tool used to identify and evaluate the Strengths, Weaknesses, Opportunities, and Threats related to a business or project. It provides a framework for analyzing both internal and external factors that can impact the success of an organization or initiative. Here's a breakdown of each component:

Strengths: Internal attributes and resources that give an organization a competitive advantage. These are factors that the organization does well or characteristics that give it an edge over competitors.

Weaknesses: Internal attributes and resources that could hinder an organization's performance. These are areas where the organization may be lacking or where competitors may have an advantage.

Opportunities: External factors that the organization can capitalize on to improve its performance or competitive position. These could include market trends, technological advancements, or changes in consumer behavior.

Threats: External factors that could pose challenges or risks to the organization. These might include emerging competitors, regulatory changes, or economic downturns.

Netflix example

Strengths:

• Strong Brand Recognition: Netflix is a globally recognized brand with a large subscriber base.
• Original Content Production: Investment in original content like "Stranger Things" and "The Crown" attracts and retains subscribers.
• User-Friendly Interface: Offers a seamless user experience across multiple devices.

Weaknesses:

• High Content Production Costs: Significant investment required for producing original content.
• Limited Content Library in Some Regions: Licensing restrictions can limit content availability.
• Dependence on Internet Connectivity: Requires stable internet for optimal streaming experience.

Opportunities:

• Expansion into New Markets: Potential to grow in emerging markets with increasing internet penetration.
• Partnerships with Telecom Providers: Collaborations can enhance distribution and accessibility.