SWOT Analysis

What is SWOT Analysis? : 

What is SWOT Analysis? SWOT Analysis is an important planning tool that helps a Person or an Institution identify, in a systematic and organized way, its internal strengths/weakness Helps it match these strengths/weaknesses with the opportunities or threats in the environment.

What is Organization’s SWOT ? : 

What is Organization’s SWOT ? S W O T for a organization’s strategy to be well conceived, it must be matched to both Taking advantage of its internal strengths while defending against its weaknesses Identifying the best market opportunities and minimizing external threats to its well-being

Identifying Resource Strengthsand Competitive Capabilities : 

Identifying Resource Strengthsand Competitive Capabilities 􀂆 A strength is something a firm does well or a characteristic that enhances its competitiveness 􀂄 Valuable competencies or know-how 􀂄 Valuable physical assets 􀂄 Valuable human assets 􀂄 Valuable organizational assets 􀂄 Valuable intangible assets- e.g. “Image” 􀂄 Important competitive capabilities 􀂄 An attribute that places an organization in a position of competitive advantage 􀂄 Alliances with capable partners

Identifying Resource Strengthsand Competitive Capabilities : 

Identifying Resource Strengthsand Competitive Capabilities Resource strengths and competitive capabilities are competitive assets !

Identifying Resource Weaknessesand Competitive Deficiencies : 

Identifying Resource Weaknessesand Competitive Deficiencies 􀂆 A weakness is something a firm lacks, does poorly, or a condition placing it at a disadvantage 􀂆 Resource weaknesses relate to 􀂄 Deficiencies in know-how or expertise or competencies 􀂄 Lack of important physical, organizational, or intangible assets 􀂄 Missing capabilities in key areas Resource weaknesses and deficiencies are competitive liabilities !

SWOT Analysis: What to Look For : 

SWOT Analysis: What to Look For Potential Resource Strengths Powerful strategy Strong financial condition Strong brand name image/reputation Widely recognized as market leader Higher overall costs than rivals Proprietary technology Cost advantages Strong communications Product innovation Good customer service Better product quality Alliances or JVs Potential Resource Weaknesses No clear strategic direction Obsolete facilities Weak balance sheet; excess debt Missing some key skills/ competencies Internal operating problems Falling behind in R&D Weak marketing and communications skills Too narrow product line

SWOT Analysis: What to Look For (Cont) : 

SWOT Analysis: What to Look For (Cont) Potential Resource Opportunities Serving additional “customer” groups Expanding to new geographic areas Expanding product line Transferring skills to new products or services Vertical integration Take market share from rivals Alliances or acquisitions Openings to exploit new technologies Openings to extend brand name/image Potential Resource Threats Entry of potent new competitors Substitute products or services Slowing market growth Adverse shifts in political or economic conditions Costly new regulations Growing leverage of customers or suppliers Reduced buyer needs for product or services Demographic changes

Tools for Strategy Formulation : 

Tools for Strategy Formulation SWOT ANALYSIS Internal Strengths Weaknesses External Opportunities Threats

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Build on your Strengths Evaluate your Opportunities Research your Threats Recognise your Weakness

Tools for Strategy Formulation : 

Tools for Strategy Formulation 􀂆 SO Strategies: Use strengths to take advantage of Opportunities 􀂆 WO Strategies: Overcome weaknesses to take advantage of Opportunities 􀂆 ST Strategies: Use Strengths to avoid Threats 􀂆 WT Strategies: Minimize Weaknesses and avoid Threats

Do your SWOT Analysis : 

Do your SWOT Analysis Identify Traits within yourself. Synergize your traits with people traits. Do not let a particular trait dominate your style. Build on your Strengths, Dilute your Weaknesses, Exploit the Opportunities, Avoid the Threats.

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