SWOT on the External Revenue Service

These sources discuss SWOT analysis, a strategy tool that examines an organization's or individual's Strengths, Weaknesses, Opportunities, and Threats. The analysis considers both internal factors, which are controllable (Strengths and Weaknesses), and external factors, which are largely uncontrollable (Opportunities and Threats). A SWOT analysis should be conducted with a clear context and purpose to ensure relevance and effectiveness, helping to identify strategic responses by matching strengths to opportunities and converting weaknesses or threats. The text emphasizes that while SWOT is a simple tool, its success depends on the skill of the user, the quality of the information gathered, and the surrounding method used for strategic development and deployment.