How to Write A SWOT Analysis That Helps You in Your Grades?

What is SWOT Analysis?

SWOT analysis is considered to be an incredibly simple as well as a powerful tool to provision with the help towards development of a business strategy in regards to building a startup or might as well be considered within providing guidance to an existing company. For instance we can view the SWOT analysis of Ford motor company, Apple, Samsung etc.

Strength, Weakness, Opportunities and Threats

SWOT specifically stands for an abbreviation that means Strengths, Weaknesses, Opportunities as well as Threats. 

Strengths along with that of weaknesses are considered to be internally linked to an individual organization within the field of business. These two are the factors that have the individual control by the respective organization and can change the respective factors at any point of time. 

Examples of these two factors on a specific note include the likes of members in a team, intellectual property as well as location of the organization.

On the other hand, Opportunities along with that of threats are considerably the external factors of a business organization. These two factors to be specific are the things that reside outside the business organization on a broader sense. The advantage can be taken of the opportunities as well as the protection against the lying threats to the organization, but there is no provision to change them. Examples of these two factors include the likes of competitors, shopping trends of the customers as well as prices belonging to the raw materials.

A properly carried out SWOT analysis specifically carries out the organization of the top strengths of the company along with identifies the weaknesses of the same. On the contrary, the analysis also identifies the underlying opportunities for the enterprise as well as visibly finds out the threats that may be posed towards the organization within the field of business. For carrying out the SWOT analysis, a solid strategy should always be considered for prioritizing the work that needs to be done in order to have potential growth within the business.

Essentially, for carrying out a SWOT analysis a collective group of people to work upon the same. Just as we have prepared the Walmart case study SWOT analysis. For carrying out the entire analysis along with the guidelines and in accordance to the procedures that need to be followed, the entire process is a matter of 2 to that of 3 hours.

For the analysis to be carried out, people from every different part of the company needs to be present to put forward differently existing perspective of the same that will help in making the entire procedure for analysis extremely critical and at the same time successful. 

Bottom Line

For a successful completion of the procedure, each individual representative is needed to brainstorm for 10 minutes, for finding out individual ideas that can be treated as options later on. Following this, all the ideas are grouped together and voting is carried out. This will lead to each of the individual representative being prioritized for their idea that they have placed forward. Finally, the CEO of the company will make the final call in choosing the ideas that are best suited in regards to SWOT.