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An overview of swot analysis, a strategic planning tool used to evaluate the strengths, weaknesses, opportunities, and threats of a business. The template includes examples and instructions for identifying and addressing each factor. Regular swot analyses can help businesses fine-tune their strategies and stay competitive.
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For informational purposes only. There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. Full legal disclaimer
What is a SWOT analysis? Usually Strengths and Weaknesses are internal aspects of your business (what are you good at, what are you not so good at), while Opportunities and Threats are external forces (what is likely to impact on your business in a negative or positive way). Strengths Top strengths or benefits of your business, and how you can protect and enhance them. Weaknesses Your top weaknesses or issues, and how you can minimise them or do better. Opportunities Top opportunities for your business and how you can access and take advantage of them. Threats Your top threats, and how you can minimize them and do better.
Determine which strengths to leverage, which weaknesses to fix, which opportunities to exploit, and which threats can be reduced. SWOT helps to fine tune your business strategy – Strengths, Weaknesses, Opportunities and Threats – that’s what it stands for. Our template will help you to identify each of these for your business, so that you can conduct regular SWOT analyses to keep your business on the right track.
For informational purposes only. There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. Full legal disclaimer
(internal, negative factors)
(external, negative factors)
(external, positive factors)