TOW
TOW, or the TOWS matrix, is a strategic management tool used to analyze a company's internal strengths and weaknesses alongside external opportunities and threats. It helps organizations develop strategies by matching their internal capabilities with external market conditions. This approach allows businesses to identify potential areas for growth and improvement.
The TOWS matrix expands on the traditional SWOT analysis by focusing on actionable strategies. It encourages companies to leverage their strengths to capitalize on opportunities, address weaknesses to mitigate threats, and create a structured plan for decision-making. This tool is valuable for strategic planning in various industries, including business, marketing, and management.