Strengths, Weaknesses, Opportunities, Threats (SWOT) Analysis

Strengths, Weaknesses, Opportunities, Threats (SWOT) Analysis - A strategic technique used to assess what an organization is facing.

[Category=Quality ]

Source: American Society for Quality, 24 October 2010 08:46:59, http://www.asq.org/glossary/

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SWOT Analysis - A scan of the internal and external environment is an important part of the strategic planning process. Environmental factors internal to the firm usually can be classified as strength (S) or weaknesses (W), and that external to the firm can be classified as opportunity (O) or threats (T). Such an analysis of the strategic environment is referred to as a SWOT analysis.

The SWOT analysis provides information that is helpful in matching the firm's resources and a capability to the competitive environment in which it operates. As such, it is instrumental in strategy formulation and selection.

[Category=Data Quality ]

Source: iSixSigma, 26 February 2011 09:23:33, https:web.archive.org/web/20111109014246/http:www.isixsigma.com/index.php?option=com_glossary

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SWOT Analysis - SWOT stands for strengths, weaknesses, opportunities and threats. It is a methodology used to aid strategic planning that gained popularity during the 80's. To do a SWOT analysis consider these:

   Strengths:
     What are your advantages?
     What do you do well?
   Weaknesses:
     What could be improved?
     What is done poorly by the company?
     What are the skills not covered?
   Opportunities:
     What are the current trends?
   Threats:
     What obstacles do you face?
     What is your competition doing?
     are requirements changing?
     What are the current threats?
     do you have resource problems?

[Category=Quality ]

Source: The Quality Portal, 27 April 2011 07:55:02, http://thequalityportal.com/glossary/s.htm