Daffodil International University
Career Development Centre (CDC) => Entrepreneurial Skills => Career Guidance => Be a Business man/woman => Topic started by: sethy on October 21, 2011, 11:27:33 AM
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SWOT means-
1. S=Strength
2. W= Weakness
3. O= Opportunity
4. T= Threaten
If anyone starting a business by doing SWOT analysis he/she must be prosper in his/her career.
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Thank you Sethy for introducing SWOT analysis here. Students will definitely be benefited.But I think they should also think about Ice Berg theory.
Regards
Shamsi Ara Huda
Senior Lecturer, Dept.of English
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The usefulness of SWOT analysis is not limited to profit-seeking organizations. SWOT analysis may be used in any decision-making situation when a desired end-state (objective) has been defined. Examples include: non-profit organizations, governmental units, and individuals. SWOT analysis may also be used in pre-crisis planning and preventive crisis management. SWOT analysis may also be used in creating a recommendation during a viability study/survey.
Strengths:
• What advantages does your organization have?
• What do you do better than anyone else?
• What unique or lowest-cost resources can you draw upon that others can't?
• What do people in your market see as your strengths?
• What factors mean that you "get the sale"?
Weaknesses:
• What could you improve?
• What should you avoid?
• What are people in your market likely to see as weaknesses?
• What factors lose you sales?
Opportunities:
• What good opportunities can you spot?
• What interesting trends are you aware of?
Useful opportunities can come from such things as:
• Changes in technology and markets on both a broad and narrow scale.
• Changes in government policy related to your field.
• Changes in social patterns, population profiles, lifestyle changes, and so on.
• Local events.
Threats
• What obstacles do you face?
• What are your competitors doing?
• Are quality standards or specifications for your job, products or services changing?
• Is changing technology threatening your position?
• Do you have bad debt or cash-flow problems?
• Could any of your weaknesses seriously threaten your business?
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Below is a list of general skills that will help anyone get ahead in practically any field, from running a company to running a gardening club. Of course, there are skills specific to each field as well – but my concern here is with the skills that translate across disciplines, the ones that can be learned by anyone in any position.
1. Public Speaking
2. Writing
3. Self-Management
4. Networking
5. Critical Thinking
6. Decision-Making
7. Math
8. Research
9. Relaxation
10. Basic Accounting
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actually important also needed any businessman and obey this system. so every one may reach his goal.
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Thanks to all to share their opinion.
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Nice.. thanks for shearing....
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Interesting analysis...will be helpful to the new entrepreneur.
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Good to know...