Design and Business Strategy

Conducting a SWOT analysis of our self is a lot more important than it sounds. It won’t take much time, and doing it forces you to think about our courier in a whole new way.

The point of a SWOT analysis is to help development for a strong industry strategy by making sure we have considered all of our strengths and weaknesses, as well as the opportunities and threats it faces in the future industry.

S.W.O.T. is an acronym that stands for Strengths, Weaknesses, Opportunities, and Threats. A SWOT analysis is an organized list of our greatest strengths, weaknesses, opportunities, and threats. This SWOT are usually used to list or analyse businesses or an organisation. Strengths and weaknesses are internal of an individual meanwhile the Opportunities and threats are external. If the result are not as we wanted, we can’t change them.

A SWOT analysis is typically conducted using a four-square SWOT analysis template, but we can also just make a lists for each category. Besides, method that is the easiest are better to organize and understand the results. Brainstorming our self is a best way to list down all the SWOT analysis. Point form are better.

 

What shall we ask our self to make SWOT analysis?

Strengths (internal, positive factors)

Strengths describe the positive attributes, tangible and intangible. (Internal) They are within our control.

Weaknesses (internal, negative factors)

Weaknesses are aspects of our self that offer or placing us at a competitive disadvantage. We need to enhance these areas in order to compete with your best competitor.

 

Opportunities (external, positive factors)

Opportunities are external attractive factors that represent reasons for us likely to prosper.

Threats (external, negative factors)

Threats include external factors beyond our control that could place our strategy, or our self at risk. We have no control over these, but may benefit by having contingency plans to address them if it should occur.

Reflection:

What I understand about personal SWOT analysis is, a tool of analysing personal abilities and disabilities of a person and how to fix it by knowing the strength and weakness well. Opportunities and threats are being a point how to use the strength and weakness wisely to penetrate into an industry or to be successful in current industry.

Reference:

(2016). Netmba: strategic management; swot analysis. [Online] Available on: http://www.netmba.com/strategy/swot/. [Accessed on: 28 March 2016]

(2016) Berry, T. Bplans: what is a swot analysis? [Online] Available on: http://articles.bplans.com/how-to-perform-swot-analysis/. [Accessed on: 28 March 2016]

(2016). Businessnewsdaily: swot analysis; what it is and when to use it. [Online] Available on: http://www.businessnewsdaily.com/4245-swot-analysis.html. [Accessed on: 28 March 2016]

Chapman, A. (2016). Businessballs: swot analysis. [Online] Available on: http://www.businessballs.com/swotanalysisfreetemplate.htm  [Accessed on: 28 March 2016]