SWOT analysis SWOT Analysis is a strategic planning tool used to evaluate the Strengths, Weaknesses, Opportunities, and Threats present to an organization. It involves specifying the objective of the business venture or project and identifying the internal and external factors that are favorable and unfavorable to achieving that objective. Use of SWOT Analysis The usefulness of SWOT analysis is not limited to profit-seeking organizations. SWOT analysis may be used in any decision-making situation when a desired end-state (objective) has been defined. Examples include: non-profit organizations, governmental units, and individuals. SWOT analysis may also be used in pre-crisis planning and preventive crisis management. Orienting SWOTs to an Objective If SWOT analysis does not start with defining a desired end state or objective, it runs the risk of being useless1. Identification of SWOTs is essential because subsequent steps in the recommendations process may be derived from the SWOTs. Objectives were not presented to the Online Learning Taskforce through the charge process except for the umbrella statement of “developing a comprehensive strategy for the development, delivery, and management of online courses using best practices.” Therefore, each committee needs to define what is being requested in the charge and turn that into their objective. This does not appear to be a large task since the objectives seem mostly obvious; you just need to write them down. For example, the charges provided to the Course Scheduling Committee ‘really’ ask the committee to generate guidelines that will provide ‘the best course scheduling for online courses and students.’ Therefore, that’s the objective. Writing down the objectives will give a clear understanding of what a committee hopes to achieve through its recommendations. Again, the committee must remember to address all parts of the charge in its analysis even if those parts are footnotes. Some parts of the charge may not fit well within a SWOT analysis. You will need to use your best good judgment and view this report from the eyes of an administrator who will be thoroughly reading and assessing its data. Strengths: 1) Attributes the organization already possesses that will help in achieving the objective. 2) Positive internal factors a company can draw on to accomplish its objective. Weaknesses: 1) Attributes of the organization that are lacking, too minimal, or harmful to achieving the objective. 2) Negative internal factors that inhibit a company from accomplishing its objective. Opportunities: 1) External conditions that can be exploited in achieving the objective. o Opportunities external to the company are often confused with strengths internal to the company. They should be kept separate. (don’t confuses opportunities with abilities) Threats: Page 1 of 2 Adapted from http://en.wikipedia.org/wiki/Swot_analysis#Examples_of_SWOTs External emerging or present conditions that will hurt the organization if corrective action is not taken. 2) External conditions that are harmful to achieving the objective. 1) Creative Use of SWOT analysis: Generating Recommendations Assuming you have an attainable objective, the SWOTs are used as inputs to the creative generation of possible strategies or recommendations by asking and answering each of the following four questions, many times: 1) 2) 3) 4) How can we Use each Strength? How can we Stop each Weakness? How can we Exploit each Opportunity? How can we Defend against each Threat? SWOTs are sometimes confused with possible strategies. SWOTs are descriptions of conditions, while possible strategies define actions (or recommendations). This error is made especially with reference to opportunity analysis. To avoid this error, it may be useful to think of opportunities as "auspicious conditions". Page 2 of 2 Adapted from http://en.wikipedia.org/wiki/Swot_analysis#Examples_of_SWOTs