Introduction to SWOT Analysis - Siddaganga Institute of Technology

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Introduction to SWOT

Analysis

Presentation by

Prof. M Ajoy Kumar &

Mr. Manu T U

What is SWOT?

• It is a planning tool used to identify

S trengths, W eaknesses, O pportunities and T hreats involved in a business. It is used as part of Strategic Planning

Process

Strategic Planning

Strategic Planning helps an organisation to answer some basic and critical questions like: a) Where we stand?

b) What is our goal?

c) How to reach the desired goal?

d) How to evaluate performance?

The Environment

The actions of an organisation /institution are influenced simultaneously by two factors: a) Internal Environment: People, systems, infrastructure, capabilities, culture etc.

b) External Environment: Political, legal, social, economical, technological etc.

Internal Environment

Analysis of Internal Environment leads to identification of: a) Strengths: Positive aspects which are within the control of the institution.

b) Weaknesses: Constraining factors that hinder the institution’s ability to achieve its desired goals.

Strengths & Weaknesses

Contributing Factors:

• People (Teachers/Staff/Students)

• Programmes (UG/PG/Doctoral)

• Properties (Assets/Infrastructure/Lab)

• Processes (Teaching/Research)

Strengths

• Highly competent faculty with Ph.D.

• Modern laboratories & equipments

• Unique programmes offered

• Value adding additional programmes

• Reputation & brand image

• Examination & Evaluation Process

• Research projects/Consultancy

• Industry interactions

Weaknesses

• Lack of competent/qualified staff

• Inadequate facilities/labs

• Outdated syllabus/courses

• Lack of industry orientation

• Weak employability of students

• Lack of research activities

• Internal Funding difficulties for projects

External Environment

Analysis of External Environment leads to identification of: a) Opportunities: Attractive factors that help an institution to develop & improve b) Threats: Factors beyond the control of an institution that potentially damage the present existence and future development

Opportunities & Threats

Contributing Factors:

• Technological

• Economic

• Legal/Regulatory

• Social

• Demographic

• Political

Opportunities

• Growing demand for various courses

• Growing demand for Technically qualified people

• New Technology Developments

• Research opportunities in specialised and niche areas

• Collaborations with industry

• Collaborations with institutes of higher learning (national & international)

Threats

• Competition from new entrants at local, national & international level

• Decreasing scope for some programmes

• Change in Technology

• Declining availability of qualified faculty

• Decline in the overall quality of student intake

• Tight regulatory measures

Why SWOT?

• Strengths – How to leverage?

• Weaknesses – How to overcome?

• Opportunities – How to exploit?

• Threats – How to defend?

SWOT provides clarity on where we stand & in which direction we should move

SWOT leads to development of shortterm & long-term objectives.

In the Absence

• Hidden strengths not utilised

• Weaknesses not identified & taken care

• Opportunities missed

• Unprepared to face threats

While doing SWOT

• Strengths – Modest & Clearly identifiable

• Weaknesses – Exhaustive

• Opportunities – Realistic & Identifiable

• Threats – Clearly identifiable

KRAs

• Enhancing quality of PG Programmes

• Starting new PG Programmes

• Strengthening Doctoral Programme

• Strengthening R & D activities

• Enhancing consultancy projects

• Industry Institute Interactions

• Collaboration with other institutes of higher learning (national & foreign)

• Centre of Excellence in a chosen area

After SWOT

• Link strengths to action plan to create sustainable competitive advantage

• Propose specific action plan to overcome weaknesses

• Develop action plan to take advantage of opportunities

• Develop action plan to defend the threats

How to proceed?

• Select a coordinator

• Create a SWOT Team

• Brainstorm (all stakeholders)

• Record all suggestions

• Consolidate ideas

• Clarify ideas & prioritise

• Summarise into a SWOT Document

• Questionnaire circulated

Practical Aspects

• Confusing factors

• Overlapping areas

• Identity Crisis

• Central Vs. Departmental Aspects

Thank You

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