3. INTRODUCTION
Situation analysis is the process of
gathering and analyzing past and present
data to make a plan for the future.
It means understanding the inside and
outside of an organization to make better
decisions.
It help a business decide if it should enter a
new market or add a new product line.
4. IMORTANCE OF SITUATION ANALYSIS
CURRENT STATE
Shows a complete picture of
your organization and how it
is doing right now.
GAP ANALYSIS
Helps you understand your
customers, products and
services, competition,
and environment.
DESIRED STATE
Gives you a plan for setting
and reaching your goals.
7. CONCLUSION
A Market Situation Analysis is a very important
marketing tool.
By conducting a situational analysis,
businesses can find out their strengths and
weaknesses, and what opportunities and
threats it faces and develop a plan to improve
their situation.
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