"SWOT analysis is a strategic planning and strategic management technique used to help a person or organization identify Strengths, Weaknesses, Opportunities, and Threats related to business competition or project planning."
Analyzing the organization's strengths, weaknesses, opportunities and threats to develop strategies.
Strategic management: Strategic management is the process of developing and implementing strategies to achieve the organization's objectives.
Organizational strategy: Organizational strategy refers to the overall plan developed by an organization to achieve its goals and objectives.
SWOT analysis: SWOT analysis is a tool used to identify the strengths, weaknesses, opportunities, and threats that impact an organization's ability to achieve its objectives.
Strengths: Strengths refer to the internal factors that an organization can leverage to achieve its goals.
Weaknesses: Weaknesses refer to the internal factors that limit an organization's ability to achieve its goals.
Opportunities: Opportunities refer to external factors that an organization can capitalize on to achieve its goals.
Threats: Threats refer to external factors that can negatively impact an organization's ability to achieve its goals.
Competitive advantage: Competitive advantage refers to the unique strengths that an organization possesses that give it an edge over its competitors.
Market analysis: Market analysis involves assessing factors that impact the demand for an organization's products or services.
Industry analysis: Industry analysis involves assessing factors that impact the competitive landscape of an industry.
PEST analysis: PEST analysis is a tool used to assess political, economic, social, and technological factors that impact an organization's ability to achieve its objectives.
Strategic planning: Strategic planning is the process of developing long-term plans to achieve an organization's objectives.
Goal setting: Goal setting is the process of setting specific objectives that an organization wants to achieve.
Action planning: Action planning involves developing specific strategies and tactics to achieve an organization's objectives.
Implementation: Implementation involves putting plans into action to achieve the organization's objectives.
Evaluation and control: Evaluation and control involve monitoring progress toward objectives and making adjustments if necessary.
Marketing analysis: Marketing analysis involves analyzing the effectiveness of an organization's marketing strategies.
Financial analysis: Financial analysis involves analyzing an organization's financial statements to assess its profitability, liquidity, and solvency.
Human resource management: Human resource management involves managing an organization's workforce to achieve its objectives.
Leadership: Leadership involves guiding an organization to achieve its objectives through effective decision-making and management practices.
Basic SWOT Analysis: This is the most common type of SWOT Analysis, which involves identifying the internal strengths and weaknesses of an organization, as well as the external opportunities and threats.
SWOT Matrix Analysis: The SWOT Matrix Analysis is more graphical than basic SWOT Analysis, allowing organizations to better visualize their strengths, weaknesses, opportunities, and threats.
TOWS Matrix Analysis: The TOWS Matrix Analysis is similar to SWOT Matrix Analysis, but it places more emphasis on strategic planning, helping organizations identify ways to achieve their goals and objectives through a more detailed analysis of their internal and external factors.
PESTLE Analysis: PESTLE Analysis stands for Political, Economic, Social, Technological, Legal, and Environmental Analysis. This type of analysis examines external factors in-depth to determine how they may impact an organization.
Porter's Five Forces Analysis: This type of analysis examines the competition in an industry to help an organization determine its competitive advantage, which can then be used to develop a strategic plan.
SWOC Analysis: SWOC Analysis stands for Strengths, Weaknesses, Opportunities, and Challenges. This type of analysis is similar to SWOT Analysis, but it adds a focus on the challenges an organization faces, in addition to the opportunities.
STEEP Analysis: STEEP Analysis stands for Socio-cultural, Technological, Economic, Environmental, and Political Analysis. This type of analysis is similar to PESTLE Analysis, but the focus is on the broader social and cultural factors.
Competitor Analysis: Competitor Analysis helps an organization understand its competitors and gauge its own performance against them, identifying areas where it is succeeding and where it needs to improve.
Resource-Based SWOT Analysis: Resource-Based SWOT Analysis examines the resources and capabilities of an organization, identifying areas where it is strong and areas where it needs to improve.
"Additional acronyms using the same components include TOWS and WOTS-UP."
"It is intended to identify the internal and external factors that are favorable and unfavorable to achieving the objectives of the venture or project. Users of a SWOT analysis often ask and answer questions to generate meaningful information for each category to make the tool useful and identify their competitive advantage."
"SWOT has been described as a tried-and-true tool of strategic analysis, but has also been criticized for its limitations, and alternatives have been developed."
"SWOT has been described as a tried-and-true tool of strategic analysis, but has also been criticized for its limitations."
"This technique is designed for use in the preliminary stages of decision-making processes and can be used as a tool for evaluation of the strategic position of organizations of many kinds (for-profit enterprises, local and national governments, NGOs, etc.)."
"It is sometimes called situational assessment or situational analysis."
"It is intended to identify the internal and external factors that are favorable and unfavorable to achieving the objectives of the venture or project."
"It is intended to identify the internal and external factors that are favorable and unfavorable to achieving the objectives of the venture or project."
"Users of a SWOT analysis often ask and answer questions to generate meaningful information for each category to make the tool useful and identify their competitive advantage."
"...identify Strengths, Weaknesses, Opportunities, and Threats related to business competition or project planning."
"...identify Strengths, Weaknesses, Opportunities, and Threats related to business competition or project planning."
"...identify Strengths, Weaknesses, Opportunities, and Threats related to business competition or project planning."
"...identify Strengths, Weaknesses, Opportunities, and Threats related to business competition or project planning."
"SWOT analysis (or SWOT matrix) is a strategic planning and strategic management technique used to help a person or organization identify [...] related to business competition or project planning."
"It is intended to identify the internal and external factors that are favorable and unfavorable to achieving the objectives of the venture or project. Users of a SWOT analysis often ask and answer questions to generate meaningful information for each category to make the tool useful and identify their competitive advantage."
"It is intended to identify the internal and external factors that are favorable and unfavorable to achieving the objectives of the venture or project. Users of a SWOT analysis often ask and answer questions to generate meaningful information for each category to make the tool useful and identify their competitive advantage."
"It is intended to identify the internal and external factors that are favorable and unfavorable to achieving the objectives of the venture or project. Users of a SWOT analysis often ask and answer questions to generate meaningful information for each category to make the tool useful and identify their competitive advantage."
"It is sometimes called situational assessment or situational analysis."
"SWOT has been described as a tried-and-true tool of strategic analysis, but has also been criticized for its limitations, and alternatives have been developed."