With the trend of technology and the internet, the software industry is now booming as ever. Various software applications, cloud hosting services, and other IT products and services are popping in the market. Get to know your company's performance and evaluate the factors affecting your productivity and revenue with a professional SWOT analysis. Avoid the pain of starting from scratch and use our ready-made templates on IT and Software SWOT Analysis in Microsoft Word. All the templates in this collection are 100% customizable in all the versions of MS Word. Start analyzing your software development projects now using one of them. Subscribe now to start downloading!
How to Make an IT and Software SWOT Analysis in Microsoft Word (DOC)?
Understanding your environment, your competitors, and your target market, according to Chron, is the first step in building your business's strategy and decision-making process. To help you achieve your goal, you need to have a tool to understand better your business environment, such as a SWOT analysis. Read more on how to make an IT and software SWOT analysis by reading the steps added below.
1. Determine Your Objectives
Understand the reason why you are making your SWOT analysis. What's your objective? Commonly, we use a SWOT analysis for planning effective marketing and branding purposes. It evaluates whether the company or the project is performing well or not while checking the internal and external factors affecting its performance.
2. Gather Data
Collect all the data required for your project or company's Strengths, Weakness, Opportunities, and Threats analysis, then begin to compare and analyze them. Weigh your options and choose the one that best fits your needs.
3. Organize Your SWOT Analysis
Launch MS Word and organize your report. Create four panels wherein each group shall state each element of the SWOT analysis. Label each group, then add your data. Use the 'Insert' menu tools to make different tables, charts, insert media objects, etc. Keep the data of each component of SWOT separately in the document top bve specific with your findings.
4. Draw Out a Conclusion With Findings
Once you have analyzed your data, draw out a conclusion for your findings. Add all the findings regarding each aspect of SWOT in different paragraphs for better comprehension of the reader. State the necessary actions to meet your objectives, then prepare for your presentation with the group.
