07-02-2014, 11:29 AM
(06-02-2014, 05:56 PM)wahkao Wrote:(06-02-2014, 11:30 AM)Ben Wrote: This is an area that I am paying more attention on. Numbers don’t lie, but numbers alone is not good enough to predict the future.
yes, agreed on that, Numbers alone is not good enough to predict the future.
What can we use to compliment the numbers so that we can get a more accurate picture of the future?
Common sense, SWOT analysis:
1. Strengths: characteristics of the business or project that give it an advantage over others.
2. Weaknesses: characteristics that place the business or project at a disadvantage relative to others
3. Opportunities: elements that the project could exploit to its advantage
4. Threats: elements in the environment that could cause trouble for the business or project