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Strategic Planning
SWOT Analysis
!
S
SWOT Analysis
Learning Objectives
What
Analysis?
What is
is SWOT
SWOT Analysis?
Aim of SWOT Analysis
Who needs SWOT Analysis?
How to conduct SWOT Analysis?
Benefits & Pitfalls of SWOT Analysis
Brainstorming & Prioritization in SWOT Analysis
Tips & Exercise for SWOT Analysis
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Strengths
Oppurtunity
SWOT
Analysis
Threats
Weakness
SWOT Analysis
SWOT Analysis
Positive
Internal
Internal
Positive
SW
OT
is SWOT Analysis?
THREATS
O
O
To
bring
a
clearer
common
purpose
and
understanding of factors
for success.
To organize the important
factors linked to success
and failure in the business
world.
To analyze issues that
have led to failure in the
past.
To provide linearity to the
decision making process
allowing complex ideas to
be
presented
systematically.
Business
Unit
Job Holder
Company
Changing Jobs
Product
Launch
Decision
Making
Personal Development
Planning
Competitor
Evaluation
Product
Evaluation
Strategic
Planning
Workshop
Sessions
Brainstorming
Meetings
1. Analyse
Internal &
External
Environment
7
List Strengths,
Weaknesses,
Opportunities, &
threats
Knowing the
Competion
Reviews a company's
competitors &
benchmarks against
them to configure
strategies that will put
the company in a
competitive advantage.
Forecasting
Provides a variety of
information critical to
forecasted variables.
Threats, for e.g., can impact
a business's forecast. By
understanding the
company's advantages &
disadvantages, forecasts will
be more accurate.
Pitfalls of SWOT
Analysis
Can be very subjective. Two people rarely come up with the
same final version of a SWOT. Use it as a guide and not as a
prescription.
May cause organizations to view circumstances as very
simple due to which certain key strategic contact may be
overlooked.
Categorizing aspects as strengths, weaknesses,
opportunities & threats might be very subjective as there is
great degree of uncertainty in market.
To be effective, SWOT needs to be conducted regularly. The
pace of change makes it difficult to anticipate
developments.
The data used in the analysis may be based on assumptions
that subsequently prove to be unfounded [good and bad].
It lacks detailed structure, so key elements may get missed.
Donts
and trends.
blame-laying
exercise.
Ignore the outcomes at later stages
of the
planning process.
When
conducting a
SWOT
analysis,
designate a
leader or
group
facilitator.
Introduce the
SWOT method
and its purpose
in your
organization to
gain
acceptance.
Be willing to
breakaway from
traditional
methods.
Discuss and
record the results.
Prepare a written
summary of the
SWOT analysis to
give to
participants.
While doing a
SWOT
analysis for
your job,
invite
someone to
Shaikh Sajibur Rahman,AMC,BIM.
brainstorm
with you.
INTERNAL
STRENGTHS
WEAKNESSES
Weaknesses
Work Experience
Education
Technical Expertise
Transferable Skills
Personal Characteristics
Good networking
contacts
Associations, Business
groups
Opportunities
Positive Trends in Your Field
Enhancing Education
Fields in Need of Your Skills
Geography ability to move
Strengthening Your Network
Utilizing Skills in Different
Way
Enhancing Personal
Development
Threats
Negative Trends in Your
Field
Competition in Your Field
Training & Education
Obstacles
Limited Advancement in
Field
Limited Ability to Develop
Limited Positions in Your
Area
Strengths
Technical (Writing,
Programming, Network, Web,
TelCom, etc.)
Soft Skills (Facilitation, Team
Building, Management,
Presentation, Writing, Editing,
Training, etc.)
Industry Knowledge
(Pharmaceutical, Aerospace,
Computer, etc.)
Career (Resume Writing,
Networking Contacts, etc.)
Education (College,
Certifications, Awards, etc.)
Personal Accomplishments
(Published Articles, Books,
Presentations, Honors, etc.)
Weaknesses
Technical (Writing,
Programming, Network, Web,
TelCom, etc.)
Soft Skills (Facilitation, Team
Building, Management,
Presentation, Writing, Editing,
Training, etc.)
Industry Knowledge
(Pharmaceutical, Aerospace,
Computer, etc.)
Career (Resume Writing,
Networking Contacts, etc.)
Education (College,
Certifications, Awards, etc.)
Personal Accomplishments
(Published Articles, Books,
Presentations, Honors, etc.)
Opportunities
Industry Change
Enhance Soft Skills (Facilitation,
Team Building, Management,
Presentation, Writing, Editing,
Training, etc.)
Improve Industry Knowledge
(Pharmaceutical, Aerospace,
Computer, etc.)
Improve Career Skills (Resume
Writing, Networking Contacts,
etc.)
Increase Education (College,
Certifications, Awards, etc.)
Increase Personal
Accomplishments (Published
Articles, Books, Presentations,
Honors, etc.)
Threats
Prioritize
Address the Weaknesses
Seize the Opportunities
Avoid/Mitigate the Threats
Strengthen the Strengths
When you finish your SWOT analysis, prioritize the results by listing
them in order of the
most significant factors that affect you / your business to the least.
THREATS
OPPORTUNIT
IES
WEAKNES
S
STRENGHTS
Internal Strengths
(S)
1.
2.
3.
4.
Internal Weaknesses (W)
1.
2.
3.
4.
External Opportunities
(O)
1.
2.
3.
4.
External Threats
(T)
1.
2.
3.
4.
SO
"Maxi-Maxi" Strategy
Strategies thatuse
strengthstomaximize
opportunities.
ST
"Maxi-Mini" Strategy
Strategies thatuse
strengthstominimize threats.
WO
"Mini-Maxi" Strategy
Strategies that minimize
weaknesses bytaking
advantage of opportunities.
WT
"Mini-Mini" Strategy
Strategies thatminimize
weaknessesandavoid threats.
1.WT Strategy
2. WO Strategy
3. ST Strategy
Maxi-Mini
It is based on using organizations strengths to deal with
threats in the environment.
The aim is to maximize the former while minimizing the
latter.
A company can use its technological, financial, managerial,
or marketing strengths to cope with the threats of a new
product introduced by its competitors.
4. SO Strategy
Maxi-Maxi
Aim of this this strategy is to move from one
position to another.
It capitalizes on a companys strengths to take
advantage of opportunities.
If a company have weaknesses, they will strive to
overcome them, by making them strengths.
PAST
PRESENT
PRESENT
+T
PRESENT+
T2
TIME
External and internal environments are dynamic
Mergers
Acquisitions
Joint Ventures
Alliances
TOWS Analysis
Weaknesses
Opportunities
Threats
TOWS Analysis
Definition of MBO
Management By Objectives (MBO) can be defined as a
process whereby the employees and the superiors come
together to identify common goals, the employees set their
goals to be achieved, the standards to be taken as the
criteria for measurement of their performance and
contribution and deciding the course of action to be
followed.
Management by Objectives(MBO) is a process of agreeing
uponobjectiveswithin an organization so
thatmanagementandemployeesagree to the objectives
and understand what they are in the organization.
Main Concept
Advantages of MBO
Core Concepts
Individual Responsibility
Individual Responsibility
Management by objectives is achieved through selfcontrol, the tool of effectiveness. Today the worker is
aself-manager, whose decisions are of decisive
importance for results.
In such an organization, management has to ask
each employee three questions:
What should we hold you accountable for?
What information do you need?
What information do you owe the rest of us?
WHAT IS MBWA?
Unstructured approach
Involves direct participation by themanagers in the work-related affairs of
their subordinates, in contrast to rigid and distantmanagement.
In MBWApractice, managersspenda significantamountof their time
making informalvisits toworkarea and listening to theemployees.
The purpose of thisexerciseis tocollect qualitative information, listen to
suggestions and complaints, andkeep afingeronthe pulse of the
organization.
Also calledmanagement by wandering around.
If you wait for people to come to you, youll only get small
problems. You must go and find them. The big problems are
where people dont realize they have one in the first place.
W. Edwards Deming
Unstructured approach
to
hands-on,
direct
participation
by
the
exercise
is
to
collect
qualitative information,
listen
to
Also
called
management
by
wandering
around.
1.
2.
3.
actual place
Genbutsu
actual thing
Genjitsu
actual situation
Do it to everyone
Do it as often as you can
Go by yourself
Ask questions
Watch and listen
Share your dreams with them
Benefits
Thank
You!