SWOT Analysis COURSE: PROJECT TITLE: Business Fundamentals & An Introduction to SWOT Analysis Marketing Topic Overview: Related Career: Estimated Duration SWOT – Strengths, Weaknesses, Business, Management, in Minutes: Opportunities, Threats Marketing, Entrepreneurship 65 minutes Content Standard(s): 30. Discuss the planning function of management. (Found under Entrepreneurship and Management in the ACOS Handbook) Tools: - S.W.O.T. (Strengths, Weaknesses, Opportunities, Threats) Primary Materials/Equipment/Technology Resources: 1) YouTube Video: Concern/Issue/Problem: http://www.youtube.com/watch?v=wKtBu1Av9VA What is SWOT Analysis 2) PowerPoint Presentation: Titled “SWOT”; Harcourt: and how does it relate to www1.gdufs.edu.cn/jwc/bestcourse individuals? /kecheng/.../201091917261814.ppt Why is SWOT analysis so 3) Student Notes Handout important for businesses? 4) SWOT Graphic Organizer Activity Handout How does S.W.O.T. relate 5) SWOT “Me” Graphic Organizer: to the planning and www3.eboard.com/eboard/... functions of management? /AttachmentDownloadServlet.doc SWOT Analysis Procedures/Activities/Learning Experiences: 1. Show YouTube video (attention getter/hook) (5 minutes) 2. Handout “Student Notes” sheet 3. How does this relate to you? Businesses complete SWOT analysis within the business to determine their strengths, weaknesses, opportunities, and threats. They can use this information for a variety of things. They can use it to lower prices or to raise prices. What would you do if your favorite item increased by $2 every month? What about if it went on sale? (5 minutes) 4. Introduce the lesson and lecture using the PowerPoint presentation. (25 minutes) Define SWOT – what does it mean? What does each individual part stand for? How are strengths, weaknesses, opportunities, and threats important for businesses? Which ones are internal? Which are external? Give succinct examples of each using McDonald’s as a reference (Strengths, Weaknesses, Opportunities, Threats) o Strengths (Internal) – good brand image, well-known name, good reputation, customer loyalty McDonalds – great brand, more restaurants than any other chain, coffee compares to Starbucks & Dunkin Donuts, most are 24 hours a day, marketing success (most successful promotion was Shrek 3) o Weaknesses (Internal) – falling profits, falling sales of a product, poor reputation, lack of innovation, poor management, customer complaints McDonalds – unhealthy menu, have had stock prices fall, some have poor management o Opportunities (External) – development of new products, expansion into other markets, global brand, joint-development, new sources of profit McDonalds – quality coffee at a fraction of the cost of other coffee shops, high growth in breakfast, connoisseur burgers, bargains (cheap), joint-development with Disney (ref: Shrek) o Threats (External) – changes in law/regulation, growing competition from others, new products from other companies, marketing activities stolen from other competitors McDonalds – competition from Wendy’s & Burger King, overall social trend toward healthy eating habits, “what –if” scenario “What – If” scenario – What if the U.S. passes a law that states “Unhealthy fast food can only be served between the times of 5 p.m. – 7 p.m. and to only those who are considered “healthy”? How would this affect McDonald’s? Would this “drive” them out of business? Why or why not? 5. Ask students if they have any questions. If so, answer them. (5 minutes) 6. Handout “SWOT Graphic Organizer Activity” and “SWOT “Me” Graphic Organizer. 7. Go over the activity and explain what the activity entails. (15 minutes) Activity: I will read the activity sheet while the students follow. Brief Description of Activity: The students will SWOT themselves. They will list at least three of each describing them: strengths (What do I do well?), weaknesses (What do I find difficult to do?), opportunities (Who or what is in my life that may brighten my future?), and threats (Who or what’s in my life can harm me?). Using “I” is always internal, while using “who or what” is always external. 8. Go around the room and ask for volunteers to give me examples of each aspects of SWOT analysis. Give them appropriate examples of SWOT using myself. (5 minutes) 9. Closing: Debrief what was learned that day. Ask, again, if any of them have any questions. (5 minutes) SWOT Analysis Provisions for Individual Differences: When I taught this lesson, there were not any provisions that needed to be made. Varied Assessment Strategies: The SWOT “Me” Graphic Organizer Worksheet (Mrs. Bonds and the culinary arts teacher took the graphic organizers up and recorded grades if they met the requirements of the activity.) Integrated Curriculum: Culinary Arts (I taught this content to Mrs. Bonds’ Business class and the culinary students came in there because they were learning about the same thing.)