S.W.O.T Analysis

S.W.O.T is an acronym that stands for Strengths, Weaknesses, Opportunities and Threats. Strengths and weaknesses are classified as internal factors whereas opportunities and threats are classified as external factors.

S.W.O.T analysis helps one to identify the strengths, weaknesses, opportunities and threats. It is commonly used in business field, where they carry out this analysis for a product, a plan or an industry. 


What is this S.W.O.T Analysis for?

A SWOT analysis can be used to:

• Explore new solutions to problems 
• Identify barriers that will limit goals/objectives
• Decide on direction that will be most effective
• Reveal possibilities and limitations for change
• To revise plans to best navigate systems, communities, and organizations

How to conduct a S.W.O.T analysis?

Ask yourself:

1. Strengths 
- What do you do well?

- What advantages do you have over your competition?

- Do you have strong skills and developed capabilities?

2. Weaknesses 
- What are the things that you are not good at?

- What are you lacking in yourself?

- What do you need to improve to compete with your strongest competitor?

3. Opportunities 
- What are the good opportunities that you can spot?

- Is there any opportunity beside you that can help you to improve in life?

4. Threats 
- Who are you competitors?

- What obstacles do you face?

I have done my S.W.O.T analysis too!