Strategy-SWOT Matrix Tool
Strategy-SWOT Matrix Tool
This tool provides a systematic approach to identifying strengths, weaknesses, opportunities and threats (SWOT) to assist the strategic planning process. When youre done formulating your SWOT list, dont leave it on a flip chart or in some report never to be formally analyzed. A lot of work goes into generating this list, and yet many organizations do not adequately address the findings. Information revealed in a SWOT analysis can be used to generate new/better strategies for your organization. By using a SWOT Matrix, you are able to formally analyze and make your strengths, weaknesses, opportunities and threats, a key component of your strategy. Instructions: Take your top three SWOT items and insert them in the appropriate box in this chart. Then, proceed to fill in the matrix. An example is provided to give you an indication of how valuable this tool can be. For more information contact Jim Pealow at (613) 839-0085 or jim@amces.com
List strengths
Opportunities List (O) opportunities List weaknesses Threats List threats (T) Strengths - S 1 Strong financial resources Weaknesses W 1 Declining membership
2
Overcome weaknesses by taking advantage of opportunities Use strengths to reduce threats Minimize weaknesses and redice threats
ST Strategies WT Strategies
Opportunities O Pending legislation will increase activity for those in the associations market
SO Strategies Fund a Task Force to identify potential opportunities as a result of legislative changes.
WO Strategies Improve member products and services and invest in a marketing plan.
growth 2. Export markets offer great potential 3. Distribution channels seeking new products 4. Scope to diversify into related market Segments
Weaknesses (W)
Threats (T)
1. Major player may enter targeted market segment 2. New technology may make products obsolescent 3. Economic slowdown could reduce demand 4. Euro/Yen may move against $ 5. Market may become price sensitive 6. Market segment's growth could attract major competition
Strengths - S
SO S tr at e gi e s WO Strategies Use strengths to take advantage of opportunities
1 R and D almost
complete
2
Overcome weaknesses by taking advantage of opportunities Use strengths to avoid threats Minimize weaknesses and avoid threats
ST Strategies WT Strategies
Opportunities O
SO Strategies
WO Strategies
1 Distribution channels
seeking new Products
Extend links with key technology centres Raise additional venture capital
5 6 7. Appoint
advisers for intellectual property and finance 8. Seek new market segments/applications for products
Threats T
ST Strategies
WT Strategies
. Recruit .
non-executive directors
Strengthen human resources function and introduce share options for staff