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THAKKAR RIYA
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SYNOPSIS
HELPFUL HARMFUL
v Acronym Of ‘SWOT’
v ‘Introduction
Here
To SWOT Analysis’
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v ‘History Of SWOT Analysis’
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INTERNAL
S W O T
STRENGTH WEAKNESS OPPORTUNITY THREAT
‘INTRODUCTION TO SWOT
ANALYSIS’
v “SWOT” Or “SWOT Matrix Analysis” Is A Strategic Planning Technique Used To Help A Person Or An Organization, In
Identifying Strengths,Weaknesses,Opportunities,And Threats/Challenges Related To Self-Assessment Or Project Planning.
v This Technique Is Particularly Used In The Preliminary Stages Of Decision-Making Process And Also As A Tool For Evaluation
Of One-Self On Personal Level.
v “A Personal SWOT Analysis” Is A Powerful Technique For Judging A Person’s Condition And Leveraging His/Her Strengths,
Improving Weaknesses, Minimizing Threats, And Taking The Greatest Possible Advantage Of Opportunities.
v It Also Enables An Individual Or A Group To Move From Traditional Strategies And Everyday Problems To Fresh Perspectives;
As It Examines The Internal And External Factors Contributing Favorably Or Unfavorably In Achieving One’s Own Objectives.
v Summarizing,It Is A Short And A Quick Exercise Covering All Those Factors Which Influence An Individual At A Particular
Point Of Time Allowing Him/Her To Set-Up His/Her Career Accordingly.
v SWOT Analysis Examines Strengths,Weaknesses And Opportunities,But It Focuses On Threat’s Rather Than
Challenges.
v However It Is Very A Common Believe That; The Term ‘Threat’ Originated From A Military Strategy And Hence,
Using C As ‘Challenges Or Constrains’ Is Often More Recommendable To Create A Positive Attitude.
v Challenge Is Replaced To Represent An Obstacle That Can Be Achieved By Using A Motivational Mind Set .
v Therefore, May It Be ‘SWOT’ Or ‘SWOC’ It Still Intends To Serve The Same Needs.
‘ORIGIN
AN
OF SWOT ANALYSIS’
v The Concept Of “SWOT Analysis” Was Invented Around 1960’s By A Management Consultant Named Albert Humphrey
At The Stanford Research Institute.
v Previously, Corporate Planning Had Not Paved A Way For Much Of It Successes; And Fortune 500 Companies Needed
A Way To Produce Long-Term Planning That Was Executable And Reasonable.
v Humphrey And His Research Team, Then Proposed The SWOT Model To Bring Accountability And Objectivity To The
Planning Process, And It Has Been Popular Ever Since.
v He Advocated Performing SWOT Analysis On Specific Criteria s Such As Products, Processes, Customers, Distribution,
Finance, And Administration.
v It Is A Kind Of A Personal Resource Or A Capacity That Can Be Used Effectively To Achieve One’s Goals & Objectives.
v These Could Also Be Controllable Intangible Factors, Such As Your Skills, Habits,Attributes,Achievements,Qualifications Or
Connections Etc.
v Knowing One’s Strengths, Support The Process Of Growth And Development And Can Also Aid In The Overall Development
Of One’s Personality.
v However,We Can Capitalize On Our Strengths Only If We Are Aware And Assured Of Them.
v Following Are The Set Of Question’s To Be Asked To Your Ownself While Analyzing Your Strengths:-
- Why Are You Unique?
- What Advantages Do You Have That Others Don't Possess?
- Which Of Your Achievements Are You Most Proud Of?
- What Would Others Say About Your Strengths?
` ‘ MY STRENGTHS ’
v I Have Secured 90%+ In SSC And HSC From Sardar Dastur Schools,Pune.
v I Am Pro-Efficient With Data Analytical Skills And As I’ve Completed 3 International Levels Of Vedic Maths And 5
Levels Of SIP-ABACUS.
v I Have Also Completed Soft Skills And Personality Development Course From CCA Computer Education,Pune.
v Also, Achieved Distinction In Government Certificate In Computer Typing Basic Course (GC-TBC).
v Professionally Expertise In Tally ERP 9+GST.
v I’ve Consistently Been Among Top 5 Positions In Academic Sessions At College Level.
v I Possess The Quality Of Out-Of-Box Thinking Backed Up By Innovativeness And Progressive Thinking.
v I Am Confident With Presenting Oneself And Pleasing Dynamic Personalities.
v I Hold Fearless Leadership With Public Speaking Skills.
v I’m An Enthusiast Learner With The Ability To Grasp New Skills And Opportunities.
v I Have Actively Participated In Many State And Inter-State Events From
Top Institutions Like IUCAA,Pune.
‘WEAKNESS’
v “Weaknesses” Refer To Negative Qualities And Skills Within An Individual; Which Detract Them From Their Strengths.
v No-One Is Good At Everything Hence, Listing Down Weaknesses Doesn’t Mean Crushing Self-Esteem, Rather It Is All
About Being Honest And Loyal Towards Self-Awareness.
v This Also Doesn’t Imply Being Unnecessarily Hard On Yourself; It Just Means Being Truthful.
v Overcoming Such Characteristics Is Just Like A Stepping Stone In Creating Positive A Self-Reflection.
v However,One Must Be Aware Of One’s Weaknesses So That He/She Can Work On Them And Try To Get Rid Of Them.
v Following Are The Set Of Question’s To Be Asked To Your Ownself While Analyzing Your Weaknesses:
- What Are Your Negative Work Habits (Disorganized,Having A Short Temper,Lacking Time Management Skills Etc)
- Do You Have The Necessary Skills/Qualifications To Be Successful In Your Current Or Future Roles?
- What Tasks Do You Usually Avoid Because You Don't Feel Confident In Doing Them?
- Do You Have Personality Traits That Hold You Back In Your Field?
- What Will The People Around You See As Your Weaknesses?
‘ MY WEAKNESSES’
v I Emphasize On Perfection In Everything That I Do,And Hence I Am Not Able To Multi-Task At Times.
v I Hardly Procrastinate, But Still Sometimes I’m Unable To Meet Up With My Deadlines.
v I Always Attempt To Arrange My Views Specifically, But Sometimes I Feel That I’m Poor In Dealing With Any Kind
Conflicts,Disputes Or Arguments.
v Despite Of What People Think ,I Easily Get Affected By Negative Behaviour Of People Towards Me.
v Any-Slight Changes In The Behaviour Of My Near And Dear Ones Makes Me Sad And Overthink.
v I Donot Open Up Myself To Unknowns Or Acquaintances.
v At Times, I Also Get Hyper-Active Due To Which I Loose My Patience.
v I Do Find Peace With Myself And So I Prefer Working Alone Rather Than In A Team.
v I Am Unable To Make Super-Quick Decisions Or Decide What Would Be The Best For Me.
v I Am Lacking In Having Work Experience With Any Financial Firm As I’m Currently
Confined Only With My Academics And Co-Curricular Activities.
‘OPPORTUNITY’
v “Opportunities” Refer To Openings Or Chances For Something Positive To Happen, Irrespective Of Only When You Claim Them
For Own Yourself.
v Opportunities May Include- Taking Up New Challenges,Learning Something New Or Something That Will Take Oneself In
The Direction Of Self-Development.
v One Should Also Watch Out For Changes In Government Policies Related To His/Her Field; As Any Changes In Social
Patterns, Population Profiles, And Lifestyles Throw Up Many New Interesting Opportunities.
v Opportunities Come In Different Forms Or Sometimes Even Pass Out, Without We Even Noticing Them;
Hence We Always Need Be Very Alert And Try To Grab Every Opportunity In The Best Possible Manner.
v Following Are The Set Of Question’s To Be Asked To Your Ownself While Analyzing Your Opportunities:-
- What Are My Goals And Ambitions?
- Which Aspect Should I Pay More Attention To And Make Progress Myself In It?
- What Scope Do I Have In My Field
- Can Acquiring Any New Skills Give Me A Competitive Advantage Or Are There Any Training Courses I Think Would Make
Me Stronger At My Job?
‘MY OPPORTUNITIES’
v Post-Graduating From IIM Will Give Me An Opportunity To Study More Precisely And Shall Also Aid In Providing Me
With A Decent Job.
v Additionally, The Fame Of IIM Would Also Increase My Chances Of Getting An Opportunity To Get Employed In A
Foreign-Based Company.
v I’m Also Looking Forward To Learn And Explore More In German Language And Ultimately Travel To Germany For
Doing Further International Levels.
v Also, Willing To Do An Advanced Course In Microsoft Excel And Microsoft Outlook.
v I’m Also Wanting To Secure A Government Scholarship For Doing My MBA By Clearing My CAT Examination With
Excellent Scores As I Don’t Want To Create A Financial Burden On My Parent’s.
v I Need To Develop Better Time Management Skills And Try To Be More Productive In A Shorter Span.
v Searching A Creative Internship For Myself Wherein I Can Use My Creativity And Innovativeness.
v To Serve More And More At The NGO I’m Currently Associated With- Philants,Pune.
v Also,Wanting To Make An Overall Development Of My Personality By Indulging Myself
Actively In Curricular And Co-Curricular Activities.
‘THREAT’
v “Threats” Refer To Factors Existing In An External Environment That Jeopardize The Reliability Of An Individual.
v Usually, They Are Uncontrollable Factors That Prove To Be A Risk To The Stability Of Oneself ; So It Is Very Important To
Take An Action Against Them Before You Become A Victim Of Them And Your Growth Stalls.
v Listing Threats May Cause Some Anxiety, But One Should Always Remember That Knowing Threats Is Better Than Turning A
Blind Eye To Them.
v Such Threats Can Also Limit Your Career Ie.High Level Of Competitiveness,Higher Level Of Stress,Lack Of Multi-Tasking
Skills Or Innovativeness,Unorganised Opinions, Chaotic Attitude, Choosiness / Fussiness Etc.
v Following Are The Set Of Question’s To Be Asked To Your Ownself While Analyzing Your Threats:-
- Could Any Of Your Weaknesses Lead To Threats?
- Does Changing Technology Threaten Your Survival In The Competitive World?
- What Obstacles Do Are You Currently Facing?
- Is Your Job (Or The Demand For The Things You Do) Changing?
‘MY THREATS’
v As A Fresher, I Will Have To Definitely Face A Cut Throat Competition At Every Stage In Life, May It Be My
Academics Or Either My Job.
v I Will Have To Mandatorily Clear My CAT Exam Or Else I Won’t Be Able To Get Admission To IIM.
v In Respect To My Chosen Career, I Will Have To Develop My Technical Knowledge To A Greater Extent.
v I Will Need A Lot Of Hard-Work Or Else Won’t Be Able To Be Self-Independent.
v Due To High Anxiety Levels I Can’t Hold On To Many Secret’s, And Sometimes Ought To Speak Them Out.
v Despite Of Self-Controlling,I Loose My Patience And Get Angry Very Easily.
v I Donot Have A Greater Attention Span And Hence Cannot Concentrate For Hours In One Go.
v Incase, If I Do Things Hurriedly I Tend To Loose Qualitativeness In My Work.
v I Am Quite Flexible, But Sometimes I Can’t Adjust Myself To Miguided Suggestions From
People Around Me.
v At Times,I Am Tempted To Give-Up Very Easily And Then Sustain A Guilt For It.
‘DO’S FOR SWOT ANALYSIS’
ü Firstly, Consider All The Internal Factors And Then Move On To External One’s
ü Record Complete Thoughts And Ideas Pertaining To Your Skill-Sets
ü Focus And Significantly Prioritize All Important Items
ü Be Analytical And Very Specific In Your Thoughts
ü Perform Your Research With Competitors In Mind
ü Choose All The Relevant Appropriate Standards
ü Explore Yourself And Think Out-Of-Box
ü Be Selective In Final Self-Evaluation
ü Regularly Analyze Yourself
ü Be Open To Change
ü Apply Your SWOT Analysis To A Specific Issue, Such As A Goal You
Would Like To Achieve Or A Problem You Need To Solve.
‘DONT’S FOR SWOT ANALYSIS’
X Avoid Adding A Long-List,Making It Harder To Identify What’s Critical And What’s Not
X Donot Lose Sight Of External Environment Ie.Influences And Trends
X Elude Overestimating Strengths Disguising Weaknesses
X Underestimation Of Your Ownself Isn’t Acceptable
X Never Allow SWOT To Become A Blame-Lying Exercise
X Say A Big And Clear No To Regretting Over Your Weaknesses
X Not At All Ignore The Outcomes Of Your Analysis
X Never Merely List Errors And Mistakes
X Ignore Miscalculating Opportunities Wrongly
X Don’t Get Dejected By Knowing Threats
X Ultimately,Skipping Any Among The 4 Agenda’s Ie.Strength, Weakness,
Opportunities,Threats,Won’t Work.
‘ADVANTAGES OF PERSONAL
SWOT ANALYSIS’
v The Major Advantage’s Of SWOT Analysis Are As Follows:
v It Has Also Given Me A Thorough Insight Into The Areas I Need To Focus, Enabling Me To Work At My Lows And Be Excellent At
My Highs.
v Additionally, I Can Also Reduce The Chances Of Failure I Would Have Otherwise Encountered, As I Have Analyzed Where I’m
Lacking; Which Will Help Me To Eliminate Any Circumstance That Would Create An Obstacle.
Building On Strengths,
Minimizing Weaknesses,
Seizing Opportunities,
Counteracting Threats.”
‘REFERENCES’
v Global Competencies And Personality Development Textbook(Nirali Publication) By Dr Mangesh P. Waghmare
And Dr Vishwas Iresh Swami.
v Global Competencies And Personality Development Textbook(Thakur Publication) By Dr.Sharad Kadam And Dr.Shivaji
Shelke.
v https://youtu.be/TwZ7LgrPwR0
v https://youtu.be/r_w9gRRbC6s
v https://www.mindtools.com/pages/article/newTMC_05.htm
v https://www.investopedia.com/terms/s/swot.asp
v https://www.wordstream.com/blog/ws/2017/12/20/swot-analysis
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