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Show Me How: To Find or Create a SWOT Analysis

A SWOT analysis analyzes a company’s Strengths, Weaknesses, Opportunities, and Threats. Businesses typically use the analyses to make decisions, which vary depending on what the company is looking to achieve.
 

Strengths
Internal:
Characteristics of the company that give it an advantage over others in the industry.
Weaknesses
Internal:
Characteristics of the company that place it at a disadvantage relative to others in the industry.
Opportunities
External:
Chances for the business to increase profits or achieve a more significant market share than its competitors.
Threats
External:
Elements in the industry or environment that could cause problems for the company.

 

A SWOT analysis can help a company:
  • Identify areas where the company can leverage its strengths to grow.
  • Discover untapped markets or new avenues of business.
  • Locate pain points that could be costing them business.
  • Detect potential issues that may need to be mitigated.
Most SWOT analyses in the library databases come from public companies. A SWOT analysis may not be available if your company is private, a non-profit, or a small public company.  Also, keep in mind not all public companies have SWOTs. 

 

Not finding the SWOT analysis you want?

Here are some tips to help you find the SWOT analysis you're looking for:

  • Try searching for the company's parent company (for example, Hilton Hotels' parent company is Hilton Worldwide).
  • Try searching for a single word from the company's name (for example, Hilton, not Hilton Hotels).
How do I create a SWOT analysis?

In your SWOT analysis, you'll want to cover the four areas of SWOT: Strengths, Weaknesses, Opportunities, and Threats. To gather information for your SWOT, you'll need to analyze sources, such as articles, data, financial reports, news, and press releases from various credible sources.

  • Use the library databases to search for news and journal articles about the company.
  • Research your company's industry to find trends or threats to the industry.
  • Search the company website or social media for press releases and news. 
  • If possible, consider interviewing the management of your company or key stakeholders based on the goal of the analysis.

These steps sound relatively easy, but it will take some time to sift through all of the information to get a clear picture of the company's SWOT, particularly if you are trying to analyze something outside your role and department.

  • You might consider using a template to help you organize your information.
  • Here is a simple SWOT template that organizes the information into the four SWOT categories.
    • If you're creating a SWOT analysis as a part of your assignment, there may already be a template provided in your course that your instructor prefers you use. We recommend checking with them before using this template in your assignment.
  • If you want something fancier, you can always Google SWOT analysis templates and pick one you like. 

Library Databases to Use to research a company and its industry:

This content is adapted from the University Library, University of Phoenix "Find or Create a SWOT Analysis".

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