Professional Practices SWOT Conducting the SWOT Analysis
Ideally, in a group or workshop, brainstorm each category
and capture the strengths, weaknesses, opportunities, and threats pertinent to the situation, context, strategy or project. Aim to only include key points and make sure these are backed up with evidence ― but don’t be too rigid. Also, don’t spend too much time capturing this information and don’t over analyze. As with all brainstorming exercises the aim is to capture ideas pertinent to the current business situation. Finally, highlight the most important issues and then rank them in order of importance before using our SWOT analysis example as a checklist for your own SWOT. Checklist of Possible SWOT Factors ― SWOT Analysis Example Internal Factors Strengths Weaknesses Leadership and management skills Lack leadership and management skills Core competences Key skills gaps Resources Weak finances Reputation Low quality and reputation Product or service quality Products or services not differentiated Market position Capacity External Factors Opportunities Threats Economic growth Economic downturn New products or services New market entrants Weak competitors Increased competition Demographic change Slow growth Change in political and economic Change in political and economic environment environment Market growth Technological threat Global influences Global warming/ weather New technology developments Demographic change Developing a Strategic Plan
The next stage of the analysis is to take the highest ranking
strengths, weaknesses, opportunities and threats and answer the following questions: • How do you use your strengths to take advantage of opportunities? • How do you overcome weaknesses preventing you from taking advantage of opportunities? • How can your strengths reduce the probability of threats? • What can you do about your weaknesses to make the threats less likely? As you answer these questions you will begin to understand the external forces you contend with and how to tackle them. Use your understanding of the implications to develop a plan of action. Benefits and advantages • The SWOT helps any organization to decide its future strategy. An organization can develop its strategy build upon its strengths in order to utilize the opportunities as well as eliminating weakness and protecting itself from any threat. • The SWOT analysis in social work practice framework is beneficial because it helps organizations decide whether or not an objective is obtainable and therefore enables organizations to set achievable goals, objectives, and steps to further the social change or community development effort. It enables organizers to take visions and produce practical and efficient outcomes that effect long-lasting change, and it helps organizations gather meaningful information to maximize their potential. Completing a SWOT analysis is a useful process regarding the consideration of key organizational priorities, such as gender and cultural diversity and fundraising objectives. Limitations • SWOT is intended as a starting point for discussion and cannot, in itself, show managers how to achieve a competitive advantage. Because the SWOT analysis is a snapshot of the firm at a particular moment in time, the analysis might obscure the fact that both the internal and external environment are rapidly changing. • Some authors have critiqued the misuse of the SWOT analysis as a technique that can be quickly designed without critical thought leading to a misrepresentation of strengths, weaknesses, opportunities, and threats within an organization's internal and external surroundings. • If a firm becomes preoccupied with a single strength, such as cost control, they can neglect their weaknesses, such as product quality. • Another limitation includes the development of a SWOT analysis simply to defend previously decided goals and objectives. This misuse leads to limitations on brainstorming possibilities and "real" identification of barriers. THANK YOU