1.11 - SWOT analysis tool
A SWOT analysis is a simple framework into which an individual or a group can organise some thoughts. SWOT stands for Strengths, Weaknesses, Opportunities and Threats, and will help you clarify these issues and gain a more strategic understanding of your current situation. A SWOT does not lead directly to new goals or objectives – refer to Tool 1.9 for that step.
Open PDF to print SWOT analysis template as below
SWOT Analysis Template
Strengths | Weaknesses | ||
---|---|---|---|
1. | 1. | ||
2. | 2. | ||
3. | 3. | ||
4. | 4. | ||
5. | 5. | ||
6. | 6. | ||
7. | 7. | ||
8. | 8. | ||
9. | 9. | ||
10. | 10. | ||
Opportunities | Threats | ||
1. | 1. | ||
2. | 2. | ||
3. | 3. | ||
4. | 4. | ||
5. | 5. | ||
6. | 6. | ||
7. | 7. | ||
8. | 8. | ||
9. | 9. | ||
10. | 10. |
Critical Success Factors
Review the items you have listed in your SWOT and consider what needs to happen in each to:
- Build on your strengths
- Eliminate or minimise your weaknesses
- Exploit opportunities (usually using your strengths)
- Develop strategies to deal with threats
These critical success factors (CSFs) become a key component in formulating your business plan, you can write them down in the spaces below.