SWOT Analysis

This article briefly provides in a few pages a comprehensive guide for marketers to develop a SWOT analysis. It is important for marketers to understand their firm's position in the marketplace, and to set realistic objectives within the marketing plan, as part of the organizational strategic plan. Note that this is an exercise and it requires the input of several key individuals to provide insight and input.

What Are the Elements of a SWOT Analysis?

Listing External Factors: Opportunities and Threats (O, T)

Cast a wide net for the external part of the assessment. No organization, group, program, or neighborhood is immune to outside events and forces. Consider your connectedness, for better and worse, as you compile this part of your SWOT list.

Forces and facts that your group does not control include:

  • Future trends in your field or the culture
  • The economy - local, national, or international
  • Funding sources - foundations, donors, legislatures
  • Demographics - changes in the age, race, gender, culture of those you serve or in your area
  • The physical environment (Is your building in a growing part of town? Is the bus company cutting routes?)
  • Legislation (Do new federal requirements make your job harder...or easier?)
  • Local, national, or international events