Swot Analysis

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The key takeaways are that SWOT analysis is used as a starting point for strategy formulation. It involves analyzing the strengths, weaknesses, opportunities, and threats of an organization/person.

SWOT analysis is used to evaluate the strengths, weaknesses, opportunities, and threats involved in a project or in a business venture. It involves specifying the objective of the business venture or project and identifying the internal and external factors that are favorable and unfavorable to achieving that objective.

The four components of a SWOT analysis are: Strengths, Weaknesses, Opportunities, and Threats. Strengths and Weaknesses are internal to the organization, while Opportunities and Threats are external to the organization.

Prof.M.B.

Kulkarni
T.K.Institute of Engg.& Tech.
WARANANAGAR.
 Aim of SWOT
• Take advantage of Strengths and Opportunities.
• Minimise Weaknesses and eliminate Threats.

 Benefits of SWOT
• Solving problems.
• Implementing change.
• Developing strategies for achieving organisations
objectives and mission.
 SWOT analysis is a starting point in strategy formulation. The
formulation of strategies using SWOT analysis is represented
as,
Mission of an Organisation

STRENGTHS OPPORTUNITIES

WEAKNESSES THREATS

STRATEGIES
The good strategies are those,
 Support the Mission
 Exploit opportunities & strengths
 Neutralise threats.
 Strengths are the attributes of a person or
organisation that are helpful to achieve the objective.

 Weaknesses are the attributes of a person or


organisation that are harmful to achieve the objective.

 Opportunities are the external conditions that are


helpful to achieve the objective.

 Threats are the external conditions which could do


damage to the objective.
 STRENGTHS
• What makes us special?
• What resources (inputs) and performances (outputs) do we handle
well?
• What are the major internal strengths?

 WEAKNESSES
• What are the soft spots (weak links) ?
• What resources (inputs) and performances (outputs) we do not handle
well?
• What are the major internal weaknesses?
 OPPORTUNITIES
 What events or trends help us?
 What are the positive political, social, economic and
technological forces influences us?
 What are our major internal opportunities?

 THREATS
 What events or trends are our hurdles?
 How adversely the political, social, economic and technological
forces affect us?
 What are the major internal threats before the org?
 HOW TO DO SWOT?

Analyse the Environment

Perform SWOT & document

Prepare action plan


 SWOT/TOWS MATRIX

Strengths Weaknesses

Opportuniti
S-O Strategy W-O Strategy
es

Threats S-T Strategy W-T Strategy

 S-O Strategy pursue opportunities that are a good fit to the organisations
strengths.
 W-O Strategy overcome weaknesses to pursue opportunities.
 S-T Strategy identify ways that the firm can use its strengths to reduce
its vulnerability to external weaknesses.
 W-T Strategy establish a defensive plan to prevent weaknesses from
making it highly susceptible to external threats.
 Another way of utilizing SWOT is matching and
Converting.

 Matching is used to find competitive advantages by


matching the strengths to opportunities.

 Converting is to apply conversion strategies to convert


threats or weaknesses into strengths and
opportunities.
 SWOT ANALYSIS – Case Study of a Technical Institute
 STRENGTHS
1. Young and dynamic faculty.

 Sufficient number.
 Excellent academic background.

2. A curriculum designed to meet both local needs


and international standards.
 Strong engineering science component.
 Availability of good variety of general educational
courses.
 A well structured laboratory experience.
 A strong professional component.
3. Well equipped laboratories, library and IT facilities

4. Adequate funding

 Research
 Teaching improvements
 Hiring adequate human resources.
 Maintaining and upgrading facilities, new campus
projects.
 WEAKNESSES
1. Deficiencies in certain outcomes in graduating
students
 Communication skills.
 Design real world applications.
 Laboratory experience.

2. Quality and quantity of current students

 Lack of motivation to excel.


 The culture of being spoon fed.
 Inadequate language preparation.
 Inadequate training in critical or analytical thinking.
3. Inappropriate mode of teaching.

 Spoon feeding.
 Lack of active learning.
 Inadequate classroom assessment.
 Increasing proportion of new faculty with limited
teaching
experience.
4. Large proportion of faculty with limited industrial and
research
experience.
5. Inadequate reward system.

 Inadequate merit based incentives for promoting


excellence.
6. Inconsistencies in quality of support staff.

 Teaching assistants
 Technicians
 Secretarial and administrative staff.

7. Complicated decision making process at the university level.


 OPPORTUNITIES

1. Assessment and accreditation.

2. Available faculty development opportunities.

 Sufficient funding
 Institution support for sabbaticals, travels etc.

3. Emerging technologies.

 Technology that does not require extensive industrial


infrastructure.
 Information based technology.
 THREATS
1. Competition (local, regional, global).

 Emerging local and private colleges.


 Accessibility of international schools via distance
education
 Fast pace of development in technology.
2. Declining enrollment (interest) in engineering.

 Lack of sufficient number of quality students with strong


interest
in engineering.
 Inadequate public awareness for engineering profession
and job
3. Quality of incoming students (language, analytical thinking
opportunities.
and
motivation).
 STRATEGIES
1. Recruit, nurture and retain outstanding students.
2. Recruit, nurture and retain outstanding faculty and
staff.
3. Promote a strong sense of community and collegiality
among the students, faculty, staff and alumni.
4. Improve teaching-learning through continuous
assessment.
5. Promote research and consultancy that addresses the
immediate and long term needs of the society.
6. Create a strong relationship with society in particular
with
industry.
“A pessimist is a person who sees a calamity in
every opportunity and an optimist is a person
who sees an opportunity in every calamity.”

Thank you.

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