SWOT Analysis Template

Use the SWOT analysis template to evaluate the Strengths, Weaknesses, Opportunities, and Threats involved in a project or in a business venture.

SWOT Anlysis Template

SWOT implies to strengths, weaknesses, opportunities, and threats. A  SWOT analysis is a process used to determine risks and rewards while considering a new business or product. This analytical framework is used by an organisation to defeat its challenges and discover a promising new market.

Although a fool proof business plan requires research and preparation (the fundamental part of the business analysis), SWOT analysis is something that provides you precise information to develop an action plan for dealing with weaknesses and threats. It also enables a business owner to have a clear view of the strengths and opportunities to use it to your company’s advantage. The analysis creates business awareness which is the foundation of any successful strategic plan.

How to do a SWOT analysis?

A SWOT analysis generally requires the business owner to specify the objective they hope to achieve. As a business owner, you need to list the strengths and weaknesses as well as opportunities and threats. This may help you know what you need to do to perform better than anyone else and what advantages you have and where you need improvement.

However, a large part of the success of the SWOT analysis depends on how you implement your strategy based on the information you received. Listing down the elements and recognizing the strengths weaknesses, opportunities and threats are of no use unless you implement a successful strategy. This SWOT analysis template can guide you through the process of conducting your SWOT analysis while ensuring that you don’t leave anything out.

Why use a SWOT analysis?

• To recognise both internal and external influences
• To recognise strengths and weaknesses related to your business
• To quickly identify business threats and opportunities
• To navigate and implement a thorough strategy
• To keep up to date information on the constantly shifting market trends

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