Note: this is one of the posts in the series: How to conduct SWOT? (Previous entries can be found here). In the previous post we have discussed analysis and selection steps. Today it is time to focus on the third step of process which is: EVALUATION When you have collected and noted features in the four categories (Strengths, Weaknesses, Opportunities, […]
Note: this is one of the posts in series: How to conduct SWOT? (Previous entries can be found here). Today we will focus on the second step of the process: Selection When you have collected and noted features in the four categories (Strengths, Weaknesses, Opportunities, Threats), you are ready to move on to the next step, which is selecting important […]
To create strategy with SWOT analysis there are only four steps which need to be done: ANALYSIS: Think about and identify features, then group them into four categories: Strengths, Weaknesses, Opportunities and Threats (you can read more about it below). SELECTION: Select the most valuable and important features from each category (read more). EVALUATION: Prioritize features by assigning an importance factor […]
SWOT is one of the easiest and most effective methods of analysis. It can be applied both to business processes (such as determining market positions or validating new product ideas) or personal decisions (such the progress of career). The acronym SWOT stands for: Strengths Weaknesses Opportunities Threats The development of SWOT is credited to Albert Humphrey, who tested the […]