Download these 20 Free SWOT Analysis Templates to help you compute SWOT Analysis for your own situation. Alternatively, you can also check out our post on Financial Analysis Templates and Competitive Analysis Templates.
SWOT Analysis Definition
SWOT Analysis is a planned method in order to evaluate strength, weakness, opportunities as well as threats while continuing a project in an organization. With the help of these analyzes, you can highlight the strength and the weakness of your company. Initially, this particular method was applicable to the business industry; later on, it has been spread to different health and development organizations, educational organizations. By highlighting those strengths and weaknesses, you can develop your personal growth as well as the growth of the organization.
SWOT Analysis Objectives
There are several purposes for using this particular method within the organization. The primary purpose of SWOT Analysis is to highlight various positive forces in order to enhance the business growth. Positive forces include active participation of the employees, well-executed management style within the organization, effective communication with the employees as well as with the customers. On the other hand, negative forces imply cultural and religious barriers within the organization. Employees of a particular organization come from different culture and background. As a result, a communication gap is maintained between the employees. As a result, the organization has to suffer immensely in order to reach the business target.
SWOT Analysis – Opportunities & Threats
Opportunities and threats are the external factors of SWOT Analysis that any organization has not the direct control on the outcomes. Various business organizations have to face different challenges and threats in order to reach the organization to run a business systematically. Challenges come from the competitors. Whenever competitors implement the new strategy in their process of business in order to draw the attention of the customers, it comes as a threat to that particular organization. At that time, this particular business organization has to implement new systems and policies within their business so that they can also create a market demand. Moreover, opportunities that the organizations have at their workplace should be utilized in order to run the business successfully.
Free SWOT Analysis Templates