SWOT Analysis
You think you’re ready. You’ve grabbed your laptop. Maybe you’re going old school and got your notepad beside you. Either way, you’re ready to get this SWOT analysis started… But wait! I don’t want you to put in all that work, only to realize you’ve accidentally triggered a few mistakes. These mistakes can make it […]
The iPhone needs little introduction. You either have one or know someone who does. For many, you either love it or you don’t. iPhone users typically have no problem buying the next upgrade, even if it’ll cost them thousands out of pocket. In fact, the news media loved to post countless stories about thousands of […]
As a soon-to-be bride, you can’t wait for your wedding… Or can you? Because when you’re planning it on your own, you desperately countdown the days while cursing under your breath because there’s still so much to do! How can you possibly enjoy the big day when your to-do list is as long as your […]
SWOT analysis is this incredibly valuable and easy tool yet many small businesses either don’t know about. Maybe it’s because the word “analysis” brings up a mental image of data, research labs, and journalistic studies. But none of that is necessary for SWOT. You only need three things: Something to write with A topic (in […]
This year, Apple came out with a brand new iPad 2018. Since it’s cost-effective even as brand new (compared to other iPads) and Apple Pencil compatible, it seems to have students in mind. That got me thinking. What strengths and weaknesses do all iPads offer? That’s why I decided to do this SWOT analysis of […]
Are you a fan of Walmart? It’s always in the news or the butt of online jokes. People go for the low prices, but they rather not stay. Despite Walmart being a household name, regarded all over the world, mentioned in movies, and discussed openly online, it has its fair share of strengths and weaknesses. […]
You’ve got a smartphone, don’t you? It’s not even a question of “if” anymore. Instead, people completely bypass the “if” and jump straight to, “Which one do you have?” We rely on our smartphones to talk to our family across the ocean or to meet a stranger and maybe fall in love or to plan […]
You’re launching a new product… but how do you make sure everything goes successfully? Many companies develop a product, make sure it works, then shove it to the side until launch day. All of their effort is moved to marketing, sales, operations, and customer service. All of that is absolutely necessary. But chances are, your […]
You probably heard about SWOT analysis, that strategic tool used to identify Strengths, Weaknesses, Opportunities, and Threats for products, ventures, or businesses. With SWOT, companies can dive deep into their offerings and figure out the most effective way to plan, position, and execute processes or ideas. The information unlocked through the analysis is essential for […]
PEST analysis and SWOT analysis are typically discussed separately because they’re polar opposites. They both have their own strengths and uses for situations, but they’re rarely mixed together. Which is a shame because they complement each other perfectly. When you need the full picture for a launch, marketing venture, or blossoming idea, using both analyses […]
You’re a photographer in a world where it’s possible for even grandma to pick up a camera and “do what you do.” Or she can grab her iPad, load up a filter app, and boom – she’s a photographer too! But not all photographers are created equally. There’d be no fun if that was the […]
Nootropics are a hot topic amongst students and competitive athletes. They’re supposed to help improve many cognitive functions including focus, memory, and alertness. But are they a smart investment? Should companies expand into this health-related niche? This SWOT analysis about nootropics can point you in the right direction. Strengths: A Growing Marketplace Nootropics, also referred […]
Are you using SWOT analysis as a small business tool? You definitely should be. You can use SWOT analysis to position yourself as a leader in your industry. The competition won’t know what hit them! But it’s important to be thorough, honest, and diligent. Many people tend to focus on the first half of the […]
SWOT analysis is a highly effective strategic tool. It’s useful to businesses, stakeholders, and individuals. Did you know you can use it to stand out or better yourself? These are two common (and interesting) ways to use SWOT analysis to your advantage. 1. Identifying your competitive advantage It’s not optional: You must have and know […]
How much do you know about your competitors? You can learn quite a bit about their strengths and weaknesses. Having this information helps develop a strategic plan and a solid advantage for your own company. All that’s left is to identify opportunities and threats. We know the two perfect analyses for this: Competitor analysis and […]
If you have a business, you should be using SWOT analysis. It’s really that simple. SWOT analysis is a strategic management tool to help you identify strengths, weaknesses, opportunities, and threats in a variety of situations. The analysis is easy. You can decide how much detail you want to include, but even a simple brainstorming […]
A slump is a cause for concern. But it’s not a cause to give in. Still, once it’s here, dragging yourself from the dark trenches of a business slump is incredibly difficult. It strips away your motivation. You push your goals to the wayside. And the losing streak triggered by the slump continues on. Even […]
SWOT analysis is a strategic planning tool designed to identify strengths, weaknesses, opportunities and threats. It helps businesses understand: Where to put their efforts When to cut their losses What to be concerned for and How to look for advantages. When starting from scratch, this is how to do SWOT analysis of a company. 1. […]
SWOT analysis is a strategic planning tool. Meaning, it helps organizations make smarter decisions. These decisions may provide a competitive advantage, reduce resource waste, decrease expenses or increase profits. Every business wants to make more money so decisions must move towards this goal. Marketing is designed to bring in more leads for sales and profits. […]
You built your business to stick around for decades — not to peak in a few months then die out in even less time. Business isn’t simple, especially when the competition is eager to snatch your customers. But with the proper tools for planning, you’ll maintain the upper hand. Whether that means: Furthering your competitive […]
What is the secret of entrepreneurial success? Why do the destinies of enterprises operating in the same conditions evolve differently: some are growing rapidly and are receiving super profits, others lose their positions and become unprofitable? Every year, the research in the field of business confirms that the success of an enterprise depends mainly on […]
SWOT analysis can be such a simple process, people don’t expect the great insights it reveals about internal departments and communication within a company. The analysis addresses the strengths, weaknesses, opportunities, and threats of a topic so you can create an actionable plan based on the information you gather. But SWOT analyses aren’t bulletproof. You […]
We talk a lot about SWOT analysis here. SWOT analysis is applicable towards products and industries. But it’s primary used in business. It has plenty of benefits and your only expense is time and effort. Each step in the analysis — examining the strengths, weaknesses, opportunities, and threats — provide you the tools to improve […]
SWOT is a type of analysis conducted by a business analyst, team, and/or individuals who intend to develop a plan of action. It’s applicable for any industry, even oneself, but is primarily used for company and products. It’s a tool you can use to highlight four key traits: strengths, weaknesses, opportunities, and threats. To see […]
SWOT analysis helps understand the pros and cons of a college or university. Before you apply — and especially before you attend — there are things to determine first. You want to determine which school is appropriate for you, based on your needs and wants. You’ll be dedicating years of your life and thousands of […]
When a company feels their business isn’t doing as well as forecasted, it means there is an issue somewhere. But a problem found doesn’t make it fixed; the issue will require a particular set of steps to revise it. This is where business analysts come in. They study businesses, both internally and externally, and note […]
Is the competition crowding in your space, stealing customers and overshadowing your products with their own? Are you thinking of jumping into a new industry but hesitant for the move? A fully explored SWOT analysis provides insight into business challenges, changes, and alterations. This type of analysis examines strengths, weaknesses, opportunities, and threats on a […]
A recent report about Amazon has shown the company is seeing fewer profits than expected. This report affects Amazon in several ways, but the company has many strengths, opportunities, and threats (SWOT) barking at its virtual store door. Strengths: a monopoly Amazon is a retail giant. It’s a monopoly in its own right. It offers […]
We know Coca Cola by their signature logo, taste, and classic glass bottles. These are strengths they’ve used to their advantage. But what about their weaknesses, opportunities, and threats? Coca Cola is a mogul, but falling behind serious trends. After conducting a PESTLE analysis on the soft drink company, here is a look at a […]
SWOT analysis is essential for more than just business management — it can be used on yourself. In fact, it should be used on yourself. Because a business is only as successful as the team behind it. So how does SWOT analysis of oneself work? Instead of examining the strength, weaknesses, opportunities and threats in […]
