SWOT analysis

SWOT analysis is a strategic planning tool used to identify and evaluate the Strengths, Weaknesses, Opportunities, and Threats related to a product or project. It facilitates informed decision-making by providing a comprehensive overview of internal and external factors that can impact innovation and production processes. By systematically assessing these elements, teams can leverage their strengths, address weaknesses, capitalize on opportunities, and mitigate potential threats in the product development lifecycle.