SWOT Analysis Last Minute
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Transcript of SWOT Analysis Last Minute
Last Minute
What is SWOT
• A decision making tool Good Input = Good Output
Problem with SWOT
• Your output is only as good as your input Good Input = Good Output
To get you running in no Bme:
• Brainstorming will make you procrasBnate and avoid the task
• Use Keywords as rope ends!
Technique 1: Rope Ends
• Write a strength, weakness, threat and opportunity for each of the following:
Market Strategy Finance OrganizaBon Investment Service Funding Product Recruitment Customer Work Environment
If you did, congrats: you have 44 entries!
Technique 1: Rope Ends
• SBll lost? Think about your business size: Ex: Personal Business, Small Business, Large Business Strength: Profit is not distributed Opportunity: Grow into a small business Weakness: Too many tasks to be done by one’s self Threat: Rise of a large business as a compeBtor
and stealing your idea Took me 30 seconds to do the above!
Technique 2: Checklists
• The main purpose of SWOT is to make you think about all aspects of your business, suppose you are not knowledgeable in recruitment… Remember this:
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Technique 2: Checklists
• The second method is just to use a… Checklist! This allows you to “Discover” un-‐thought of strengths, opportuniBes, weaknesses and threats. Example: Recruitment
q Hiring Quality Staff q New Staff OrientaBon ü Staff Training q Higher compensaBon packages to aeract top-‐talents etc
Internet Resources
• My e-‐mail: [email protected] • Useful things to do: – Search live tweets about swot analysis – Search tumblr about swot analysis – If you were a team, divide S,W,O,T among you and use techniques 1&2.
– Found www.123swot.com checklist… (Any other checklist? Please share it to my e-‐mail!)