Or, you can apply it diligently, and frequently, to map out how to take your organization to the next level. SWOT analysis is a technique developed at Stanford in the 1970s, frequently used in strategic planning.SWOT is an acronym for Strengths, Weaknesses, Opportunities, and Threats and is a structured planning method that evaluates those four elements of an organization, project or business venture.A SWOT analysis is a simple, but powerful, framework for leveraging the organizations strengths. You can use it in an entry-level way, to get the wheels moving around a thought or strategy. In this case, you are the product, and your SWOT diagram can help you distinguish your talents, abilities, and opportunities from the rest of the market.Īnother appealing part of a SWOT analysis is its flexibility. In a personal context, you might put together a SWOT matrix to plan your next career move or to prepare for an interview. A thorough SWOT diagram can help map the way. Then, you can put your organizational strategies in motion based on the comparative analysis-whether your business is about to launch a product or your non-profit is planning a fundraiser. At the same time, you can (and should) perform a SWOT analysis of your key competitors, evaluating where you stand compared to them.
In a business context, it can give real insight into what sets your company apart because you examine factors inside and outside of your organization. 14 free swot analysis templates smartsheet, blank swot analysis template 12 free word excel pdf documents, swot analysis template excel elegant swot word. Part of the beauty of a SWOT diagram is breadth.
