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.
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
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?
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 â€" 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
actually important also needed any businessman and obey this system. so every one may reach his goal.
Thanks to all to share their opinion.
Nice.. thanks for shearing....
Interesting analysis...will be helpful to the new entrepreneur.
Good to know...