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SWOT Analysis, is a strategic planning tool used to evaluate the Strengths, Weaknesses, Opportunities, and Threats involved in a project.
SWOT involves:
- Specifying the objective of the project
- Identifying the internal and external factors that are favorable and unfavorable to achieving that objective.
Once an objective has been identified, one can analyze the four SWOT factors:
- Internal factors
- Strengths: attributes of the organization that are helpful to achieving the objective.
- Weaknesses: attributes of the organization that are harmful to achieving the objective.
- External factors
- Opportunities: external conditions that are helpful to achieving the objective.
- Threats: external conditions that are harmful to achieving the objective.
Furthermore, a SWOT Matrix (also called TOWS) can then identify strategies:
| |
Strengths |
Weaknesses |
Opportunities
|
S-O strategies: pursue opportunities that fit your strenght |
W-O strategies: overcome weaknesses to pursue opportunities |
Threats
|
S-T strategies: use strength to reduce weaknesses |
W-T strategies: come up with a plan to defend against threats exploiting weaknesses |
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- To analyse large projects (e.g. technology or e-learning projects)
- To (self-) analyse person's potential
- General Introductions (business oriented)
- SWOT for personal concerns
- Related to education
- Bradford, Robert W., Duncan, Peter J., Tarcy, Brian, Simplified Strategic Planning: A No-Nonsense Guide for Busy People Who Want Results Fast!