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.
Checklist
Conducting a SWOT Analysis
___ At your meeting or retreat, designate a leader or group facilitator
___ Designate a recorder if your group is large. Use newsprint on a flip chart or a large board to record the analysis and discussion points
___Introduce the SWOT method and its purpose in your organization
___Divide your stakeholders into smaller groups (of three to 10, depending on your size). Mix the small groups to get a range of perspectives, and give people a chance to introduce themselves
___Direct each group to designate a recorder, and provide each with newsprint or dry-erase board. Instruct them to create a SWOT analysis in the format you choose -a chart, columns, a matrix, or even a page for each quality
___Give the groups 20-30 minutes to brainstorm and fill out their own strengths, weakness, opportunities, and threats chart for your program, initiative, or effort
___Reconvene the group to share results, recording on the flip-chart or board. Collect and organize the differing groups' ideas and perceptions by asking for results from one group at a time or by opening the floor to all groups. Use one of the following orders to record results:
- S-W-O-T order, recording strengths first, weaknesses second, etc.
- Top priority order for each category -the strongest strength, most dangerous weakness, biggest opportunity, worst threat
___Discuss insights, repeated items, and cross connections between categories -"This strength plays into that opportunity"
___Use the results to support your purpose for the meeting:
- Come to some consensus about most important items in each category
- Relate the analysis to your vision, mission, and goals
- Translate the analysis to action plans and strategies
___If appropriate, prepare a written summary of the SWOT analysis for participants to use in planning and implementing your effort