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Published byAngela Carr Modified over 9 years ago
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SWOT Analysis: Strengths, Weaknesses, Opportunities, and Threats
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What is a SWOT analysis and why should you use one?
A SWOT analysis guides you to identify the positives and negatives inside your organization (Strength & Weakness) and outside of it, in the external environment (Opportunity & Threat). Developing a full awareness of your situation can help with both strategic planning and decision -making. 2
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When do you use SWOT? Explore possibilities to problems.
Make decisions for your initiative. Determine where change is possible. Adjust and refine plans mid-course.
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What are the elements of a SWOT analysis?
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Internal Factors: Strengths and Weaknesses (S, W)
Human resources Physical resources Financial Activities and processes Past experiences 5
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External Factors: Opportunities and Threats (O, T)
Future trends The economy Funding sources Demographics The physical environment Legislation Local, national or international events 6
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How do you create a SWOT analysis?
Designate a leader or group facilitator. Designate a recorder to back up the leader if your group is large. Introduce the SWOT method and its purpose in your organization. Let all participants introduce themselves. Have each group designate a recorder; direct them to create a SWOT analysis. 7
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How do you create a SWOT analysis? (cont.)
Reconvene the group at the agreed-upon time to share results. Discuss and record the results. Prepare a written summary of the SWOT analysis to give to participants. 8
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How do you use your SWOT analysis?
Use it to: Identify the issues or problems you intend to change Set or reaffirm goals Create an action plan 9
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