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    SWOT Analysis: SWOT Is The Acronym For - Strengths Weaknesses Opportunities and Threats

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    SWOT is an acronym that stands for strengths, weaknesses, opportunities, and threats. A SWOT analysis helps focus activities in areas where an organization is strong and where the greatest opportunities lie. It involves identifying the internal strengths and weaknesses and the external opportunities and threats of an organization. This allows the organization to capitalize on its strengths, minimize weaknesses, take advantage of opportunities, and defend against threats.

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    SWOT Analysis: SWOT Is The Acronym For - Strengths Weaknesses Opportunities and Threats

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    suechilds
    13 views9 pages
    SWOT is an acronym that stands for strengths, weaknesses, opportunities, and threats. A SWOT analysis helps focus activities in areas where an organization is strong and where the greatest opportunities lie. It involves identifying the internal strengths and weaknesses and the external opportunities and threats of an organization. This allows the organization to capitalize on its strengths, minimize weaknesses, take advantage of opportunities, and defend against threats.

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    SWOT is an acronym that stands for strengths, weaknesses, opportunities, and threats. A SWOT analysis helps focus activities in areas where an organization is strong and where the greatest opportunities lie. It involves identifying the internal strengths and weaknesses and the external opportunities and threats of an organization. This allows the organization to capitalize on its strengths, minimize weaknesses, take advantage of opportunities, and defend against threats.

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    13 views9 pages

    SWOT Analysis: SWOT Is The Acronym For - Strengths Weaknesses Opportunities and Threats

    Uploaded by

    suechilds
    SWOT is an acronym that stands for strengths, weaknesses, opportunities, and threats. A SWOT analysis helps focus activities in areas where an organization is strong and where the greatest opportunities lie. It involves identifying the internal strengths and weaknesses and the external opportunities and threats of an organization. This allows the organization to capitalize on its strengths, minimize weaknesses, take advantage of opportunities, and defend against threats.

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    SWOT Analysis

    SWOT is the acronym for -


     Strengths
     Weaknesses
     Opportunities and
     Threats
    SWOT Analysis

    Carrying out an analysis using the SWOT framework


    helps you to focus your activities into areas where
    you are strong and where the greatest
    opportunities lie.
    Strengths

    To carry out a SWOT Analysis write down answers


    to the following questions. Where appropriate, use
    similar questions:
    Strengths:
     What are your advantages?
     What do you do well?
     What relevant resources do you have?
     What do other people see as your
    strengths?
    Strengths...

     Consider this from your own point of view and from the
    point of view of the people you deal with. Don't be
    modest - be realistic. If you are having any difficulty
    with this, try writing down a list of your characteristics.
    Some of these will hopefully be strengths!
     In looking at your strengths, think about them in relation
    to your competitors - for example, if all your competitors
    provide high quality products, then a high quality
    production process is not a strength in the market, it is
    a necessity.
    Weaknesses

     What could you improve?


     What do you do badly?
     What should you avoid?

    Again, consider this from an internal and external basis - do


    other people seem to perceive weaknesses that you do not
    see? Are your competitors doing any better than you? It is
    best to be realistic now, and face any unpleasant truths as
    soon as possible.
    Opportunities

     Where are the good opportunities facing you?


     What are the interesting trends you are aware of?

    Useful opportunities can come from such things as:-

     Changes in technology and markets on both a broad and narrow scale


     Changes in government policy related to your field
     Changes in social patterns, population profiles, lifestyle changes, etc.
     Local Events
    Opportunities...

     A useful approach to looking at opportunities


    is to look at your strengths and ask yourself
    whether these open up any opportunities.
    Alternatively, look at your weaknesses and ask
    yourself whether you could open up
    opportunities by eliminating them.
    Threats

     What obstacles do you face?


     What is your competition doing?
     Are the required specifications for your job,
    products or services changing?
     Is changing technology threatening your position?
     Do you have bad debt or cash-flow problems?
     Could any of your weaknesses seriously threaten
    your business?
    Threats

     Carrying out this analysis will often be illuminating


    - both in terms of pointing out what needs to be
    done, and in putting problems into perspective.
     You can also apply SWOT analysis to your
    competitors - this may produce some interesting
    insights!

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