DESCRIPTION OF THE SWOT ANALYSIS CANVAS

SWOT analysis aims to identify the key internal and external factors seen as important in achieving the company's objective or event. It groups key pieces of information into two main categories:

• - INTERNAL FACTORS

  the strengths and weaknesses internal to the organization. The examined internal factors are classified as strengths or weaknesses depending upon their effect on the organization’s objectives. People performing the SWOT analysis have to keep in mind that strengths with respect to one objective may be weaknesses for another.

• - EXTERNAL FACTORS

  the opportunities and threats presented by the environment external to the organization. These external factors may include macroeconomic matters, technological change, legislation, and socio-cultural changes, as well as changes in the marketplace or in competitive position.

People or groups of people using SWOT analysis have to keep in mind that this categorization technique has its own weaknesses. It may indeed tend to persuade its users to compile lists rather than to critically think about actual important factors in achieving objectives. Used alone, it also can mislead a company in thinking that weak opportunities may appear to balance strong threats.

METHODOLOGY

SWOT analysis may be used in all decision-making situations when a desired objective has been defined. It may also be used in crisis planning or recommendation during a viability study.

INTERNAL ANALYSIS

Examine the internal capabilities of your organization. This can be done by analyzing the primary data (customers feedbacks, employee information, resources, processes) on your organization's that can be classified as strengths or weaknesses

EXTERNAL ANALYSIS

Analyse the secondary data about the environmental, the industry and the competition, and identify the key points that pose opportunities for your organization, and those that pose threats or obstacles to performance.

DEVELOP A STRATEGY

You can use this information to help you develop a strategy that uses the strengths and opportunities to reduce the weaknesses and threats, and to achieve the objectives of your organization.

WHEN DO YOU USE SWOT?

SWOT is usually used during the proposal stage of strategic planning. It helps to weight out any sort of company action, which makes it perfect for:

• - Exploring new initiatives

• - Making decisions about strategies and the best path of new policies/initiatives

• - Identifying areas for change

• - Refining and redirecting efforts of the company/association

The SWOT analysis is an excellent tool in organizing information and presenting solutions, identifying roadblocks and emphasizing opportunities.