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CITOOLKIT
SWOT Analysis
Achieving Business and Personal Goals with SWOT Analysis
S W
O T
citoolkit.com
Definition
A strategic planning tool for reviewing and assessing the position and
health of an organization.
SWOT Analysis 2
It allows the organization to look deeply within itself to understand the factors that
influence its ability to achieve its goals
citoolkit.com
Definition
In order to execute a strategy within an organization, it is important to
understand the factors influencing the business performance . . .
SWOT Analysis 3
. . . and this is where SWOT analysis comes in.
citoolkit.com
Applications
Can be Applied to . . .
SWOT Analysis 4
A business unit, division or department
An entire organization
A project
In personal development and career progression
citoolkit.com
Applications
It involves identifying the key internal and external factors that are helping
or hindering reaching business goals.
SWOT Analysis 5
Internal factors are the
strengths and weaknesses
within the organization
External factors are the
opportunities and threats
presented by the external
environment
citoolkit.com
Uses
It has become one of the most popular strategic planning tools, and often
used before developing or updating the strategic plan.
SWOT Analysis 6
It allows to examine the gap between
where an organization currently is,
where it aims to be in the future, and
where it currently stands within the
industry and market.
citoolkit.com
Uses
Other uses . . .
SWOT Analysis 7
Can be used in project management
during the prioritization process of
projects to see which projects are
more likely to succeed or fail.
Helps evaluating strategic
alternatives like an investment
opportunity or a potential
partnership or acquisition.
citoolkit.com
Benefits
SWOT Analysis 8
Helps evaluating current strategies
and the direction of change.
Encourages team participation and
engagement.
Helps understanding where the
company currently stands within the
industry and market.
Helps making more informed
decisions and planning more
successful strategies.
citoolkit.com
SWOT Elements
SWOT analysis helps identifying the strengths, weaknesses, opportunities,
and threats related to a business venture.
SWOT Analysis 9
Strengths
Weaknesses
Opportunities
Threats
citoolkit.com
SWOT Elements
SWOT Analysis 10
Strengths
Weaknesses
Opportunities
Threats
-Internal Environment
Strengths and weaknesses
internal to the organization
External Environment
Opportunities and threats presented by
the environment external to the organization
citoolkit.com
SWOT Elements
Internal environment looks at the factors that might impact on the
organization internally such as finance, production, research, etc.
SWOT Analysis 11
Leadership
and HR
capabilities
Competitive
priorities
Organization
structure
Corporate
culture and
image
Performance
systems
citoolkit.com
SWOT Elements
External environment looks at the factors that might impact on the
organization externally .
SWOT Analysis 12
Technological
considerations
Economic
conditions
Political
considerations
Competitive
position
Legislations
considerations
Market
trends
Socio-cultural
considerations
citoolkit.com
SWOT Matrix
Results are often presented in the form of a four-field matrix.
SWOT Analysis 13
Internal
External
Positive Negative
Strengths - Maintain Weaknesses - Remedy
Opportunities - Exploit Threats - Counter
citoolkit.com
SWOT Matrix
Results are often presented in the form of a four-field matrix.
SWOT Analysis 14
The internal positive
characteristics that increase
the overall performance
and put the business at a
competitive advantage.
Internal
External
Positive Negative
The external factors and
events that the business
could exploit to its
advantage in order to
achieve its goals.
The internal deficiencies
which may decrease the
overall performance and
inhibit the business from
achieving its goals.
The unfavorable external
factors and events that
may interrupt the
business from achieving
its goals.
citoolkit.com
Example
The following example uses a four-field matrix to present the findings of a SWOT
analysis conducted to assess the strategy for an organization.
SWOT Analysis 15
Internal
External
Positive Negative
STRENGTHS
Competent
workforce
Strong financial
position
Reputable
Quality
products
Effective
leadership
OPPORTUNITIES
Facilities from
government
Untapped
markets
A new
technologies
Growth of existing market
Decreased sales of
substitute products
WEAKNESSES
Company
location
High unit
costs
Inability to meet demand
High turnover
rate
Out-of-date
equipment
THREATS
Rising
materials price
Shortage of
manpower
A new lower-cost competitor
Economic
issues
New costly
regulations
citoolkit.com
Steps for Conducting SWOT Analysis
SWOT Analysis 16
Invite representatives from various departments or functional areas
• Clearly explain the purpose for conducting the SWOT analysis and how you will
do it.
citoolkit.com
Steps for Conducting SWOT Analysis
SWOT Analysis 17
Hang up four large flipchart papers, one for each of the four SWOT categories
• Or use a whiteboard to draw a four-field matrix.
Strength
Opportunities Threats
Weaknesses
citoolkit.com
Steps for Conducting SWOT Analysis
SWOT Analysis 18
Brainstorm strengths, weaknesses, opportunities, and threats in your business and environment
• Record inputs and ideas from the brainstorming session on the four papers.
Strength
Opportunities Threats
Weaknesses
Xxxx
Xxxx Xxxx
Xxx
Xxx
Xxx
Xxx
Xxxx
Xxx Xxx
Xxx
Xxx
citoolkit.com
Steps for Conducting SWOT Analysis
SWOT Analysis 19
Clarify content and ensure the appropriateness and completeness of the recorded information
• Discuss how to take advantage of the strengths and opportunities while trying to
minimize weaknesses and avoid threats.
citoolkit.com
Steps for Conducting SWOT Analysis
When analyzing a SWOT, it is useful to ask . . .
SWOT Analysis 20
How can we maintain and leverage our strengths?
How can we improve our weaknesses?
How can we take advantage of external opportunities?
How can we protect ourselves against threats or reduce their effects?
citoolkit.com
Steps for Conducting SWOT Analysis
SWOT Analysis 21
Share and communicate the outcomes to relevant stakeholders
• Take actions to maximize strengths and opportunities and minimize weaknesses
and threats.
citoolkit.com
Personal Development
Although SWOT analysis was originally made for businesses, it can be used to help
you better understand many things about yourself and your external environment.
You can then apply personal development strategies to . . .
SWOT Analysis 22
Turn weaknesses
into strengths
Take advantages
of strengths and
opportunities
Minimize or
eliminate
weaknesses
and threats
citoolkit.com
Example – Personal SWOT Analysis
The following is an illustrative example that uses SWOT analysis to identify and assess
a person’s strengths, weaknesses, opportunities and threats.
SWOT Analysis 23
Internal
External
Positive Negative
THREATS
OPPORTUNITIES
WEAKNESSES
STRENGTHS
Have an
exciting vision
Creative
thinker
Speech clubs
like Toastmasters
Poor verbal
communicator
Networking
groups
Limited technical knowledge
Good time management skills
Companies embracing “Change”
Entry of new
competitors in my field
Love to
learn
Limited ability
to move
Good writing
skills
Audible audio books
Not a social
media person
Not giving family
enough time
High unemployment rates
Poor economy
citoolkit.com
Further Information
One way of utilizing the SWOT analysis is to convert weaknesses into
strengths and threats into opportunities.
SWOT Analysis 24
A weakness should never be improved at the expense of a strength.
citoolkit.com
Further Information
Hints . . .
It is normal for any business or human being to
have some weaknesses
Never make excuses or get defensive
Be objective and self-critical when conducting a
SWOT analysis
SWOT Analysis 25
© Copyright Citoolkit.com. All Rights Reserved.
CITOOLKIT
Made with by
The Continuous Improvement Toolkit
www.citoolkit.com

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Achieving Business and Personal Goals with SWOT Analysis

  • 1. CITOOLKIT SWOT Analysis Achieving Business and Personal Goals with SWOT Analysis S W O T
  • 2. citoolkit.com Definition A strategic planning tool for reviewing and assessing the position and health of an organization. SWOT Analysis 2 It allows the organization to look deeply within itself to understand the factors that influence its ability to achieve its goals
  • 3. citoolkit.com Definition In order to execute a strategy within an organization, it is important to understand the factors influencing the business performance . . . SWOT Analysis 3 . . . and this is where SWOT analysis comes in.
  • 4. citoolkit.com Applications Can be Applied to . . . SWOT Analysis 4 A business unit, division or department An entire organization A project In personal development and career progression
  • 5. citoolkit.com Applications It involves identifying the key internal and external factors that are helping or hindering reaching business goals. SWOT Analysis 5 Internal factors are the strengths and weaknesses within the organization External factors are the opportunities and threats presented by the external environment
  • 6. citoolkit.com Uses It has become one of the most popular strategic planning tools, and often used before developing or updating the strategic plan. SWOT Analysis 6 It allows to examine the gap between where an organization currently is, where it aims to be in the future, and where it currently stands within the industry and market.
  • 7. citoolkit.com Uses Other uses . . . SWOT Analysis 7 Can be used in project management during the prioritization process of projects to see which projects are more likely to succeed or fail. Helps evaluating strategic alternatives like an investment opportunity or a potential partnership or acquisition.
  • 8. citoolkit.com Benefits SWOT Analysis 8 Helps evaluating current strategies and the direction of change. Encourages team participation and engagement. Helps understanding where the company currently stands within the industry and market. Helps making more informed decisions and planning more successful strategies.
  • 9. citoolkit.com SWOT Elements SWOT analysis helps identifying the strengths, weaknesses, opportunities, and threats related to a business venture. SWOT Analysis 9 Strengths Weaknesses Opportunities Threats
  • 10. citoolkit.com SWOT Elements SWOT Analysis 10 Strengths Weaknesses Opportunities Threats -Internal Environment Strengths and weaknesses internal to the organization External Environment Opportunities and threats presented by the environment external to the organization
  • 11. citoolkit.com SWOT Elements Internal environment looks at the factors that might impact on the organization internally such as finance, production, research, etc. SWOT Analysis 11 Leadership and HR capabilities Competitive priorities Organization structure Corporate culture and image Performance systems
  • 12. citoolkit.com SWOT Elements External environment looks at the factors that might impact on the organization externally . SWOT Analysis 12 Technological considerations Economic conditions Political considerations Competitive position Legislations considerations Market trends Socio-cultural considerations
  • 13. citoolkit.com SWOT Matrix Results are often presented in the form of a four-field matrix. SWOT Analysis 13 Internal External Positive Negative Strengths - Maintain Weaknesses - Remedy Opportunities - Exploit Threats - Counter
  • 14. citoolkit.com SWOT Matrix Results are often presented in the form of a four-field matrix. SWOT Analysis 14 The internal positive characteristics that increase the overall performance and put the business at a competitive advantage. Internal External Positive Negative The external factors and events that the business could exploit to its advantage in order to achieve its goals. The internal deficiencies which may decrease the overall performance and inhibit the business from achieving its goals. The unfavorable external factors and events that may interrupt the business from achieving its goals.
  • 15. citoolkit.com Example The following example uses a four-field matrix to present the findings of a SWOT analysis conducted to assess the strategy for an organization. SWOT Analysis 15 Internal External Positive Negative STRENGTHS Competent workforce Strong financial position Reputable Quality products Effective leadership OPPORTUNITIES Facilities from government Untapped markets A new technologies Growth of existing market Decreased sales of substitute products WEAKNESSES Company location High unit costs Inability to meet demand High turnover rate Out-of-date equipment THREATS Rising materials price Shortage of manpower A new lower-cost competitor Economic issues New costly regulations
  • 16. citoolkit.com Steps for Conducting SWOT Analysis SWOT Analysis 16 Invite representatives from various departments or functional areas • Clearly explain the purpose for conducting the SWOT analysis and how you will do it.
  • 17. citoolkit.com Steps for Conducting SWOT Analysis SWOT Analysis 17 Hang up four large flipchart papers, one for each of the four SWOT categories • Or use a whiteboard to draw a four-field matrix. Strength Opportunities Threats Weaknesses
  • 18. citoolkit.com Steps for Conducting SWOT Analysis SWOT Analysis 18 Brainstorm strengths, weaknesses, opportunities, and threats in your business and environment • Record inputs and ideas from the brainstorming session on the four papers. Strength Opportunities Threats Weaknesses Xxxx Xxxx Xxxx Xxx Xxx Xxx Xxx Xxxx Xxx Xxx Xxx Xxx
  • 19. citoolkit.com Steps for Conducting SWOT Analysis SWOT Analysis 19 Clarify content and ensure the appropriateness and completeness of the recorded information • Discuss how to take advantage of the strengths and opportunities while trying to minimize weaknesses and avoid threats.
  • 20. citoolkit.com Steps for Conducting SWOT Analysis When analyzing a SWOT, it is useful to ask . . . SWOT Analysis 20 How can we maintain and leverage our strengths? How can we improve our weaknesses? How can we take advantage of external opportunities? How can we protect ourselves against threats or reduce their effects?
  • 21. citoolkit.com Steps for Conducting SWOT Analysis SWOT Analysis 21 Share and communicate the outcomes to relevant stakeholders • Take actions to maximize strengths and opportunities and minimize weaknesses and threats.
  • 22. citoolkit.com Personal Development Although SWOT analysis was originally made for businesses, it can be used to help you better understand many things about yourself and your external environment. You can then apply personal development strategies to . . . SWOT Analysis 22 Turn weaknesses into strengths Take advantages of strengths and opportunities Minimize or eliminate weaknesses and threats
  • 23. citoolkit.com Example – Personal SWOT Analysis The following is an illustrative example that uses SWOT analysis to identify and assess a person’s strengths, weaknesses, opportunities and threats. SWOT Analysis 23 Internal External Positive Negative THREATS OPPORTUNITIES WEAKNESSES STRENGTHS Have an exciting vision Creative thinker Speech clubs like Toastmasters Poor verbal communicator Networking groups Limited technical knowledge Good time management skills Companies embracing “Change” Entry of new competitors in my field Love to learn Limited ability to move Good writing skills Audible audio books Not a social media person Not giving family enough time High unemployment rates Poor economy
  • 24. citoolkit.com Further Information One way of utilizing the SWOT analysis is to convert weaknesses into strengths and threats into opportunities. SWOT Analysis 24 A weakness should never be improved at the expense of a strength.
  • 25. citoolkit.com Further Information Hints . . . It is normal for any business or human being to have some weaknesses Never make excuses or get defensive Be objective and self-critical when conducting a SWOT analysis SWOT Analysis 25
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