SWOT Analysis – Strength, Weakness, Opportunity and Threat
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”Make it thy business to know thyself, which is the most difficult lesson in the world.” ~Miguel de Cervantes
Good Morning Leaders,
A while back, I discussed with you about all the qualities you need to imbibe in yourself to become successful in eBIZ. But to know, where you need to improve, the first thing you need to do is Self Analysis and thats where SWOT Analysis comes into play.
SWOT analysis diagrams clearly show the Strengths, Weaknesses, Opportunities, and Threats that will help or harm your ability to reach your defined objective. Analyzing internal forces (Strengths/Weaknesses) and external forces (Opportunities/Threats) helps you to define strategies that will help you leverage positive forces and overcome obstacles in the course of reaching your objective.
To carry out SWOT Analysis, just make a table with 2 rows and 2 columns in your diary (like the above diagram) and answer the following questions and consider not only on a personal basis but also ask your uplines to share their opinion about you:
Strength:
- What do you do well?
- What do you do better than anyone else?
- What else do others see as your strength?
Weakness:
- What could you improve?
- What should you avoid?
- What else do others think as your weaknesses?
Opportunity:
- How can you turn your strengths into your opportunities?
- What trends could help you?
- What other opportunities do you see?
Threat:
- What threats do your weaknesses expose you to?
- What trends could harm you?
- What obstacles you face?
The basic idea over here is to focus on your strengths and minimize your weaknesses. You should have a SWOT Analysis done every month to see your progress on your Self Development. So go ahead and start doing a SWOT Analysis today.
Good Morning and Jai eBIZ.
about 11 months ago
Interesting take on the SWOT
"The basic idea over here is to focus on your strengths and minimise your weaknesses" I'm not sure that is the intention, but to be aware of your weaknesses, be open to them (Johari window) and manage around them or with them, i.e. to team up with people that have strengths where your weaknesses are.
Mike
http://rapidbi.com/swot/
about 10 months ago
Thats really very apt about teaming up with people in the areas of your weakness. But then again everyone should try their best to improve themselves and minimize their weaknesses.
about 1 month ago
The basic reason for doning a SWOT Analysis is to find your weakness and then convert those weaknesses into Strengths… and to find threats i.e.compitition and to convert these threats into market opprtunities..