How To Do A SWOT Analysis: Strategic Planning Made Easy
“Strategic Planning” sounds a lofty pursuit and perhaps beyond our humble capabilities. Not so with a SWOT Analysis. Learn how to do a SWOT analysis using the SWOT matrix and become an effective strategic planner today, achieving your goals.
What’s Strategic Planning Anyway?
Strategic planning is just management speak for long term future planning. Strategic planning concerns anything that will bring results in anything from 1 year to 5 years or beyond. It’s good management practice to raise your head above the daily grind every now and then, and take action now to positively affect your future.
Definition of SWOT
As with most management models, the clue is in the name.
The SWOT Matrix Explained
All the best management models have four quadrants, and the SWOT matrix is no exception. You use each of the four quadrants in turn to analyze where you are now, where you want to be, and then make an action plan to get there.
Regardless of whether you or your team are future planning for specific products, work, personal or any other area, the SWOT analysis process is the same.
1 – In the here and now…
2 – What might be…
3 – Plan of action…
SWOT Analysis Example
Here’s one I prepared earlier…
Sow the seeds and reap the benefits
And that’s it! Not too complicated, I’m sure you’ll agree. The SWOT matrix is a useful tool for strategic planning and achieving your goals, individually or with a team. It’s easy to learn how to do a SWOT analysis – just try one out for yourself and reap the benefits.
Citation Information: Swinton, Lyndsay. "How To Do A SWOT Analysis: Strategic Planning Made Easy." Mftrou.com. 8 February 2005. < http://www.mftrou.com/how-to-do-a-SWOT-analysis.html >.blog comments powered by Disqus
Lewin's Force Field Analysis: Decision Making Made Easy
Kurt Lewin's Force Field Analysis is a simple yet effective decision making model to add to your management tool-kit. Here's the low down on how to use force field analysis to make better decisions, quickly, for yourself or with others.
Process Improvement Made Easy: The 8d Problem Solving Process Explained
What is the 8d Problem Solving Process? Anything that involves "eight disciplines" must be complicated and difficult to learn, right? Here to help you, is the 8d problem solving process explained in everyday language.
Process Improvement Made Easy: Six Sigma Process Improvement Method Explained
What is Six Sigma process improvement? Something to do with eliminating defects? Is it a continuous process improvement methodology? Or is it just a load of really hard statistics? Here is the Six Sigma Process Improvement Method explained.