SWOT ANALYSIS

SWOT ANALYSIS: 

SWOT ANALYSIS Rezaul Karim Siddique

Content : 

Content Definition of SWOT Internal and External Factor Strength Weakness Opportunity Threats Some related issues Personal SWOT analysis Use of SWOT

Definition : 

Definition A SWOT matrix is a framework for analyzing your strengths and weaknesses as well as the opportunities and threats that you face. This helps you focus on your strengths, minimize your weaknesses, and take the greatest possible advantage of opportunities available to you.

Strengths: 

Strengths What advantages do you have that others don't have (for example, skills, certifications, education, or connections)? What do you do better than anyone else? What personal resources can you access? What do other people (and your boss, in particular) see as your strengths? Which of your achievements are you most proud of? What values do you believe in that others fail to exhibit? Are you part of a network that no one else is involved in? If so, what connections do you have with influential people?

Weaknesses: 

Weaknesses What tasks do you usually avoid because you don't feel confident doing them? What will the people around you see as your weaknesses? Are you completely confident in your education and skills training? If not, where are you weakest? What are your negative work habits (for example, are you often late, are you disorganized, do you have a short temper, or are you poor at handling stress? Do you have personality traits that hold you back in your field? For instance, if you have to conduct meetings on a regular basis, a fear of public speaking would be a major weakness.

Opportunities: 

Opportunities What new technology can help you? Or can you get help from others or from people via the Internet? Is your industry growing? If so, how can you take advantage of the current market? Do you have a network of strategic contacts to help you, or offer good advice? What trends (management or otherwise) do you see in your company, and how can you take advantage of them? Are any of your competitors failing to do something important? If so, can you take advantage of their mistakes? Is there a need in your company or industry that no one is filling? Do your customers or vendors complain about something in your company? If so, could you create an opportunity by offering a solution?

Threats: 

Threats What obstacles do you currently face at work? Are any of your colleagues competing with you for projects or roles? Is your job (or the demand for the things you do) changing? Does changing technology threaten your position? Could any of your weaknesses lead to threats?

Some Considerations: 

Some Considerations Some weakness can be threat for you Some opportunity can make you more strong Some threat can be control by your strength or opportunity You can win over your weakness by strength and opportunity

Problems in SWOT: 

Problems in SWOT Participant opinion:

A Personal SWOT Example : 

A Personal SWOT Example Strengths I'm very creative. I often impressing clients with a new perspective on their brands. I communicate well with my clients and team. I have the ability to ask key questions to find just the right marketing angle. I'm completely committed to the success of a client's brand.

A Personal SWOT Example: 

A Personal SWOT Example Weaknesses I have a strong, compulsive need to do things quickly and remove them from my "to do" list, and sometimes the quality of my work suffers as a result. This same need to get things done also causes me stress when I have too many tasks. I get nervous when presenting ideas to clients, and this fear of public speaking often takes the passion out of my presentations.

A Personal SWOT Example: 

A Personal SWOT Example Opportunities One of our major competitors has developed a reputation for treating their smaller clients poorly. I'm attending a major marketing conference next month. This will allow for strategic networking, and also offer some great training seminars. Our art director will go on maternity leave soon. Covering her duties while she's away would be a great career development opportunity for me.

A Personal SWOT Example: 

A Personal SWOT Example Threats X, one of my colleagues, is a much stronger speaker than I am, and he's competing with me for the art director position. Due to recent staff shortages, I'm often overworked, and this negatively impacts my creativity. The current economic climate has resulted in slow growth for the marketing industry. Many firms have laid off staff members, and our company is considering further cutbacks.

USE of SWOT: 

USE of SWOT In Business In personal life In any type of decision Planning In politics Institutional management

Last Word: 

Last Word Time is the school in which we learn, time is the fire in which we burn. Use SWOT in Proper Time

Thanks: 

Thanks