SWOT Analysis Template
This SWOT analysis template enables you to record the strengths, weaknesses, opportunities and threats. You can then prioritize and amalgamate the key issues for your organization helping you to evaluate your circumstance and guide you in developing a strategy.
A manager not only has to address customer expectations but also provide products and services that are better than the competition. It is up to the manager to take decisions and actions that will enable the organization to fill gaps in the market and stay ahead of the competition. Considerable research and brainstorming goes into the decision making process. One of the tools managers can use to make better decisions is a Strengths, Weaknesses, Opportunities and Threats (SWOT) analysis.
A SWOT analysis is merely a tool managers can use to justify their thoughts and ideas. What you can gain from the analysis are a number of ideas about how to tackle a problem or make the most of an opportunity. Hence, this tool can be used in the strategic planning process.
A SWOT analysis enables the manager to assess various aspects of the business in relation to the market conditions and level of competition prevalent. This is something extremely important to sustain growth and achieve the next level of success.
