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SWOT analysis is a strategic planning tool used to evaluate an organization's strengths, weaknesses, opportunities, and threats. It was developed over 9 years at Stanford University with input from 5000 interviews of Fortune 500 companies. A SWOT analysis involves identifying internal strengths and weaknesses as well as external opportunities and threats. This allows organizations to match their strengths to opportunities, weaknesses to opportunities, strengths to threats, and weaknesses to threats as part of their strategic planning process.
SWOT analysis is a strategic planning tool used to evaluate an organization's strengths, weaknesses, opportunities, and threats. It was developed over 9 years at Stanford University with input from 5000 interviews of Fortune 500 companies. A SWOT analysis involves identifying internal strengths and weaknesses as well as external opportunities and threats. This allows organizations to match their strengths to opportunities, weaknesses to opportunities, strengths to threats, and weaknesses to threats as part of their strategic planning process.
SWOT analysis is a strategic planning tool used to evaluate an organization's strengths, weaknesses, opportunities, and threats. It was developed over 9 years at Stanford University with input from 5000 interviews of Fortune 500 companies. A SWOT analysis involves identifying internal strengths and weaknesses as well as external opportunities and threats. This allows organizations to match their strengths to opportunities, weaknesses to opportunities, strengths to threats, and weaknesses to threats as part of their strategic planning process.
2. History of SWOT Analysis Developed at Stanford Funded by Fortune 500 companies Took 9 years to develop Involved 5000 interviews Internals Externals
3. Strengths 4. What you do very well maybe better than anyone else 5. Weaknesses What you lack in or what you dont do very well 6. Opportunities What is it that you could do but arent? 7. Threats Elements in the environment that could cause trouble for the you to achieve objective or goal. 8. Creative Use of SWOTs How can we Use each Strength? How can we Stop each Weakness? How can we use each Opportunity? How can we Defend against each Threat? 9. Strengths Weaknesses Opportunities S-O Strategies W-O Strategies Threats S-T Strategies W-T Strategies SWOT Matrix Also known as TOWS Matrix Current conditions The Plan for the future 10. Matching strengths to opportunities Otherwise known as: S-O or Maxi-Maxi strategy Using a strength to maximise an opportunity 11. Matching weaknesses to opportunities Otherwise known as: W-O or Mini-Maxi strategy Improving capability to maximise an opportunity 12. Matching strengths to threats Otherwise known as: S- T or Maxi-Mini strategy Minimising a threat with a strength 13. Matching weaknesses to threats Otherwise known as: W-T or Mini-Mini strategy Minimising weaknesses and threats at same time (often last choice) 14. Strategic Model Mission Values Vision Strategy Everything Balanced Strategic Initiatives Personal Objectives Strategic Outcomes Structural Engineer Contractor ---------- ----------- Why we exist What we believe in What we want to be our game plan Implementation & Focus What we need to do What I need to do How do we develop our Strategy! 15. A strength can be a competitive advantage like - Believe in yourself - Positive Attitude - Focus - Intelligence - Ability to learn - Time Management - Sense of Responsibility - Specific Goals - Passion & Determination - Critical Thinking Ability - Supporting Environment - etc 16. You have to believe in yourself, otherwise you can't do it. If you don't believe in yourself, how do expect anyone else to? Because ultimately, you're the one who has to do it. Donny Osmond Believe in yourself, and the rest will fall into place. Have faith in your own abilities, work hard, and there is nothing you cannot accomplish. Brad Henry 17. A weakness can be a disadvantage such as - Procrastination - Poor Time Management - Non- supportive Environment - Irresponsible - Unrecognized Institution - Complex Goals - etc 18. An opportunity can be - Good Institution - Scholarships - Good Mentor - Internships - Jobs - Backups - etc 19. A threat can be - Hurdles - Health Problems - No Jobs - Discouragement - Bad Environment - May be friends - etc