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    Swot Analaysis: SWOT Analysis Can Be Used For

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    zain shafi
    The document discusses SWOT analysis, which is a technique used to evaluate the strengths, weaknesses, opportunities, and threats involved in a business venture or in a business or organization looking to pursue a new project or direction. It involves analyzing internal factors (strengths and weaknesses) as well as external factors (opportunities and threats). Conducting a SWOT analysis helps to minimize weaknesses and maximize strengths, identify environmental factors that may affect a decision or direction, and determine how to make the most of opportunities and avoid threats. The document provides templates and examples of factors to consider for each component of a SWOT analysis.

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    Swot Analaysis: SWOT Analysis Can Be Used For

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    zain shafi
    24 views7 pages
    The document discusses SWOT analysis, which is a technique used to evaluate the strengths, weaknesses, opportunities, and threats involved in a business venture or in a business or organization looking to pursue a new project or direction. It involves analyzing internal factors (strengths and weaknesses) as well as external factors (opportunities and threats). Conducting a SWOT analysis helps to minimize weaknesses and maximize strengths, identify environmental factors that may affect a decision or direction, and determine how to make the most of opportunities and avoid threats. The document provides templates and examples of factors to consider for each component of a SWOT analysis.

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    The document discusses SWOT analysis, which is a technique used to evaluate the strengths, weaknesses, opportunities, and threats involved in a business venture or in a business or organization looking to pursue a new project or direction. It involves analyzing internal factors (strengths and weaknesses) as well as external factors (opportunities and threats). Conducting a SWOT analysis helps to minimize weaknesses and maximize strengths, identify environmental factors that may affect a decision or direction, and determine how to make the most of opportunities and avoid threats. The document provides templates and examples of factors to consider for each component of a SWOT analysis.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    24 views7 pages

    Swot Analaysis: SWOT Analysis Can Be Used For

    Uploaded by

    zain shafi
    The document discusses SWOT analysis, which is a technique used to evaluate the strengths, weaknesses, opportunities, and threats involved in a business venture or in a business or organization looking to pursue a new project or direction. It involves analyzing internal factors (strengths and weaknesses) as well as external factors (opportunities and threats). Conducting a SWOT analysis helps to minimize weaknesses and maximize strengths, identify environmental factors that may affect a decision or direction, and determine how to make the most of opportunities and avoid threats. The document provides templates and examples of factors to consider for each component of a SWOT analysis.

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    SWOT ANALAYSIS

    For business it is important to know your surrounding environment from internal and
    external point of view. Therefore it is important to evaluate environment opportunities in
    relation to the strengths and weaknesses of the organization's resources, and in relation to
    the organizational culture.

    The SWOT analysis is a useful technique for understanding all sorts of situations in business
    and organizations. SWOT is acronym for STRENGTHS, WEAKNESSES, OPPORTUNITIES and
    THREATS.

    SWOT analysis can be used for:


    • business planning,
    • strategic planning,
    • outsourcing a service, activity or resource,
    • an investment opportunity,
    • a method of sales distribution,
    • competitor evaluation,
    • marketing,
    • an investment opportunity
    • product development,
    • research reports,
    • etc.

    SWOT analysis is one very effective tool for the analysis of environmental data and
    information – for both, internal (strengths, weakness) and external (opportunities, threats)
    factors. It helps to minimize the effect of weaknesses in your business, while maximizing
    your strengths. SWOT analysis can help you gain insights into the past and think of possible
    solutions to existing or potential problems — either for an existing business or new venture.

    This project has been funded by the CIP.


    The SWOT analysis template is normally presented as a grid, comprising four sections
    Strengths, Weaknesses, Opportunities, and Threats:

    STRENGHTS WEAKNESS

    OPPORTUNITIES THREATS

    INTERNAL FACTORS:

    Strengths determine the organization’s strong points. This are tangible and intagible
    attributes (internal to an organization). This should be from both: an internal perspective
    and external customers. It is a distinctive competence when it gives the firm a comparative
    advantage in the marketplace.

    This project has been funded by the CIP.


    Strenghts
    • Advantages of proposition?
    • Competitive advantages?
    • USP's (unique selling points)?
    • Resources, Assets, People?
    • Experience, knowledge, data?
    • Financial reserves, likely returns?
    • Marketing - reach, distribution, awareness?
    • Innovative aspects?
    • Location and geographical?
    • Price, value, quality?
    • Accreditations, qualifications, certifications?
    • USP's (unique selling points)?
    • Processes, systems, IT, communications?
    • Cultural, attitudinal, behavioural?
    • Management cover, succession?
    • Philosophy and values?

    Weaknesses

    In which areas might the organization improve? It is important to look at this from both
    internal and external perspective. You should include customer’s opinion and opinion from
    other clue market players. You should not forget what competitors are doing better than
    we do.

    This project has been funded by the CIP.


    Weakness
    • Disadvantages of proposition?
    • Lack of competitive strength?
    • Reputation, presence and reach?
    • Financials?
    • Own known vulnerabilities?
    • Timescales, deadlines and pressures?
    • Cashflow, start-up cash-drain?
    • Continuity, supply chain robustness?
    • Effects on core activities, distraction?
    • Reliability of data, plan predictability?
    • Morale, commitment, leadership?
    • Accreditations, etc?
    • Processes and systems, etc?
    • Management cover, succession?

    This project has been funded by the CIP.


    EXTERNAL FACTORS:

    Opportunities
    An opportunity is a major situation in a company’s environment and represents the reason
    for firm to exist and develop. Useful opportunities can come from: changes in competitive
    or regulatory circumstances, changes in government policy related to your field
    technological changes, etc. When you look at opportunities is also good to look at your
    strengths and also weakness and try to find relation between them.

    Opportunities
    • Market developments?
    • Competitors' vulnerabilities?
    • Industry or lifestyle trends?
    • Technology development and innovation?
    • Global influences?
    • New markets, vertical, horizontal?
    • Niche target markets?
    • Geographical, export, import?
    • New USP's?
    • Tactics: eg, surprise, major contracts?
    • Business and product development?
    • Information and research?
    • Partnerships, agencies, distribution?
    • Volumes, production, economies?
    • Seasonal, weather, fashion influences?

    This project has been funded by the CIP.


    Threats are external factors on which the company doesn’t have control. No one likes to
    think about threats, but we still have to face them: the entrance of new competitors, slow
    market growth, increased bargaining power of key buyers or suppliers, technological
    changes, etc.

    Threats
    • Political effects?
    • Legislative effects?
    • Environmental effects?
    • IT developments?
    • Competitor intentions - various?
    • Market demand?
    • New technologies, services, ideas?
    • Vital contracts and partners?
    • Sustaining internal capabilities?
    • Obstacles faced?
    • Insurmountable weaknesses?
    • Loss of key staff?
    • Sustainable financial backing?
    • Economy - home, abroad?
    • Seasonality, weather effects?

    This project has been funded by the CIP.


    A successfully conducted SWOT analysis involves identifying the following:

     The things company does particularly well (strengths) or badly (weaknesses) at


    present.
     The factors that in the future may give the company potential to grow and increase
    its profits (opportunities) or may make its position weaker (threats).

    This project has been funded by the CIP.

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