SWOT Analysis Definition Essay
SWOT intelligence analysis, SWOT tools, matrix, templates and utilities. Strengths, weaknesses, opportunities and threats analysis. SOOT analysis definitions, descriptions, SWOT templates, examples and explanations. SWOT profiling & analysis in market & competitive intelligence. Tools and utilities in support of final SWOT analysis. Windrow templates, screenshots, Powering slides and word files.
A standard marketing tool for market and especially company profiling and intelligence, SWOT analysis has proven extremely effective as a quick yet substantial tool to identify strengths, weaknesses, opportunities and threats of companies, markets and products or services in any given market place. Market & competitive intelligence knows and uses SWOT analysis as a standard analysis instrument and base of major decisions even before utilizing other analysis methods as this analysis or profiling might provide a very early indication of which further intelligence analysis tools to derive in general and for further analysis steps.
What is SWOT analysis?
SWOT definition by Vernon Prior (The Language of Business Intelligence): “SWOT analysis is the evaluation of available Information concerning the Business environment in order to identify internal strengths and weaknesses, and external
Threats and Opportunities.
SWOT analysis is also known as Situational analysis and, when applied to competitors, as Competitor profiling. ” SWOT analysis is otherwise also defined as a structured approach to evaluating the strategic position of a business by identifying its strengths, weaknesses, opportunities and threats.
Objective SWOT goals should be to identify a company’s strengths that the company can use to make use of opportunities in the operating environment and to become aware of that company’s or product’s weaknesses and what threats to the operations can be found in the market and competitive environment. Internal analysis and external company analysis should be applied and synthesized in order to achieve these analysis objectives.
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In order to analyze strengths, weaknesses (SW analysis) of any company or organization (or product or service) and opportunities and threats (OWE analysis) in he given business environment, a matrix should be used to evaluate and illustrate all findings. The following questions should be asked (and answered) to extract important SWOT identifiers:
What are the main things that you think the company or product is better in than any given competitor?
What are the main things that you think the analyzed company is worse in than any given competitor?
What are the really big threats facing the analyzed company in the analyzed environment?
What are the major opportunities that are being presented to the analyzed company?
Oftentimes SWOT analysis is conducted by profiling the own organization or product or service against any other, reversely the questions should be re-pancreas in this case:
What are the main things that you think your company is better in than your competitors?
What are the main things that you think your company is worse in than your competitors?
What are the really big threats facing your company in the environment?
What are the major opportunities that are being presented to your company?