What is a SWOT Analysis Template?
A SWOT analysis template is a pre-formatted document that can be used to conduct a SWOT analysis. A SWOT analysis is conducted to identify a company or an individual’s Strengths and Weaknesses, the Opportunities they have or can have, and the Threats they may face.
How Do I Write a SWOT Analysis?
Before everything, a SWOT analysis is often done with a goal in mind. This can be related to improving processes or operations, or to increase sales and productivity of the business.
Typically, a SWOT analysis is done by analyzing one’s self or company in the following order:
- Assessing Strengths
- Listing down Weaknesses
- Identifying Opportunities
- Acknowledging Threats
Doing a SWOT analysis is about examining internally first before moving outwards. For organizations, this often means assessing their internal needs, strengths and weaknesses before comparing themselves with other competitors or key leaders, hence why noting Opportunities and Threats come last.
After the analysis, strategies must be developed based on them. This involves using each aspect of SWOT to identify points of improvement or discussion. Ideally, the strategies must be related to the overall goal that prompted the analysis. However, in some cases, new ideas and goals are formulated during the SWOT analysis, which may take precedence.
Often, a SWOT analysis is done in a table format. However, others choose to use a checklist instead. Using a checklist, specifically, a digital one, to conduct a SWOT analysis provides many benefits, such as:
- Ease of use on the go with cloud storage
- Little to no paper to carry around, as everything can is online
- Accessible from any device with the ability to connect to the internet
- Easier to create templates and repurpose them constantly
FAQs about SWOT Analysis Template
Why Should I Conduct a SWOT analysis?
How to Do a Personal SWOT Analysis Template?
How Do You Present a SWOT Analysis Presentation?
Roselin Manawis