Identifying your Strength Weakness Opportunity Threat
For any type of work you carry out, you personality contributes a lot to the success of the work. Self analysis and analyzing the environment in which we work and actual knowledge about the work are the major factors that contribute to the success of our work. SWOT analysis is an effective method identifying your Strengths and Weakness, and to examine the Opportunities and Threats you ace. Generally , SWOT analysis is conducted for the teams or groups by the team leader or project leader. The major benefits of performing SWOT analysis as far as individuals are concerned are :
- Identifying career growth of the individual
- Identifying personal effectiveness and productivity
- Tapping the potential of the individual which have not been identified so far
- Nulify weakness in the individual and evolve a suitable action plan as a part of remedial measure
- To get a clear picture and focus of growth opportunities for the for the individual
- Identify training needs for the individual from the weaknesses
In total when performed for a team or group,SWOT analysis serves as a balance sheet indicating the health of the team/company.
To summarize,build your strength,address your weakness by evolving appropriate action plan,leverage your opportunities and eliminate threats. One important thing which you have to keep in mind is strength and weakness are internal, and opportunity and threat are external factors.
Role of SWOT Analysis is Crafting a Better Strategy
Often carrying out an analysis using the SWOT framework will be enough to reveal changes which can be usefully made. To understand this better we will discuss a SWOT analysis done by a company and an individual .