If you are running a business and you want to find out what aspects it needs to work on, then one of the best things to do is conduct a SWOT analysis. This article will teach you all that you need to know in regards to how you should go about in creating a SWOT analysis document.
Steps for Creating a SWOT Analysis
Step 1: Figure Out the Strengths
The first thing to do during a blank SWOT analysis is to know what your strengths are. No matter for who or what reason you’re doing the analysis for, you always need to look into the positives. For example, one of your business’s strengths may be the fact that it always manages to provide good customer service.
Step 2: Know the Weaknesses
Aside from knowing the strengths, you should also know the weaknesses. These are anything the negatives that you are going to have to watch for. It is important that you are able to look into all areas that show weaknesses as you will need to eventually develop a plan to take care of them.
Step 3: Identify Opportunities
While opportunities will always differ in the situation, knowing what they are will be very helpful. Point out the ones that you know you stand to benefit from. Then you need to see if your current strengths are enough to actually take on certain opportunities. Just make sure that you actually stand to gain benefit from whatever opportunity you have decided to take.
Step 4: Assess the Threats
These would be the many different problems that could potentially hinder or halt whatever progress you or someone else may have. A good example of a threat would be rivaling businesses. For this particular example, you will want to do a competitive analysis so that you can further analyze and learn how to deal with the threat.
Step 5: Develop the Strategies
Once you’re done gaining all of the information you need, then the last thing that you need to do is to come up with the right strategies. Make ones that can help you make use of your strengths, fix your weaknesses, take advantage of opportunities, and deal with any potential threats you are going to face.
10+ SWOT Analysis Templates
1. Hospital SWOT Analysis Template
It is important for hospitals to know what it is that they have to improve on. So if you are in charge of running a hospital, you will want to make use of this template. With it, you should be able to figure out what things you have to change and improve on to make the hospital a better place.
2. Manager SWOT Analysis Sample
Those who are in management are able to oversee everything that goes in within a business. Naturally, they will be expected to see what it is that can be done to make improvements for growth. Use this template so that you can conduct a SWOT analysis that can benefit the business.
3. Internal Audit SWOT Analysis Template
Making internal audit reports is one of the best ways to see if there is anything in the business that needs to be improved. Now, if one were to do an internal audit swot analysis, then one can look into many different factors that affect the business’s success. Use this template to help make a document to hold the results of such an analysis.
4. Marketing SWOT Analysis Template
A business that is not able to market itself is one that will eventually fail. If you want to make sure that everyone knows the status of the business in terms of its marketing, then consider using this template. With it, you can make a document which points out the flaws that need to be fixed and the strengths it needs to keep up.
5. Project Management SWOT Analysis
Project management is essential in ensuring that just about any project is done properly. So those who are put into the position of managing a project must learn how to conduct a proper SWOT analysis. If you’ve managed to collect the results of the one you’ve managed to conduct, then use this template to make a document to show all of the results.
6. Industry SWOT Analysis Template
Before you tackle a specific industry with your own business, it is best that you have a better understanding on what that industry has to offer. By using this template, you can make a document which shows the ups and downs of a certain industry, as well as help make a decision as to whether or not you should enter it.
7. Sample SWOT Analysis Template
If you want to make a SWOT analysis document, then know that this template is always available for you to download and use. Once you have it, then all you have to do is to make whatever changes you think are necessary until it contains all of the results of your SWOT analysis.
8. Business Plan SWOT Analysis Template
If you already made a business plan, then you still need to see if it’s one that can help you see a success. This means that you will need to conduct a SWOT analysis to see just how far it can take you. Use this template to make a document which can show whether your business plan will be effective or not.
9. Sample Employee SWOT Analysis Template
It is important for a business to know everything regarding its employees’ performance. So what you will need to do here is to conduct a SWOT analysis, and then use this template to help you make a document that will show just what improvements the employees will need to make.
10. Free SWOT Analysis Template
If you are planning on making a SWOT analysis document, then this free template is available for you to use whenever you need it. Make sure that you use Microsoft Word, Google Docs, or Apple Pages to open it. Once you have done so, then just change whatever you need to until you are able to make a proper SWOT analysis document.
11. Personal SWOT Analysis
If you are trying to understand yourself more or if you want to learn more about something in particular, then you can always conduct a personal SWOT analysis. With the help of this template, you can make a document which will contain details on what you have managed to find and it can help tell what to do with the information.