- Get a little bit better at your weakness
- Use one of your strengths to work around your weakness
- Partner with someone who has a complimentary strength
What are 4 examples of opportunities?
- Get help on projects
- Propose working groups
- Get testers for new ideas or products
- Create a team to work on an idea you have
- Share your expertise or best practices in a particular field
What are the strengths of a business?
- Strong, innovative company culture
- Unique product or knowledge
- Excellent efficiency and productivity
- Customer service that creates raving fan customers
- Ability to scale sustainably
- Speed to market
- High adaptability
- Diversification of products or services
What are strengths weaknesses opportunities and threats
SWOT stands for: Strength, Weakness, Opportunity, Threat. A SWOT analysis guides you to identify your organization’s strengths and weaknesses (S-W), as well as broader opportunities and threats (O-T).
Developing a fuller awareness of the situation helps with both strategic planning and decision-making.
What are the threats of the business?
- Financial issues
- Laws and regulations
- Broad economic uncertainty
- Attracting and retaining talent
- Legal liability
- Cyber, computer, technology risks/data breaches
- Increasing employee benefit costs
- Medical cost inflation
What is an example of a threat
The definition of a threat is a statement of an intent to harm or punish, or a something that presents an imminent danger or harm.
If you tell someone “I am going to kill you,” this is an example of a threat.
A person who has the potential to blow up a building is an example of a threat.
What are 4 examples of threats?
- Competition
- Talent
- Market Entry
- Prices
- Costs
- Approvals
- Supply
- Weather
What are 3 examples of weaknesses?
- Self-criticism
- Shyness
- Lack of knowledge of particular software
- Public speaking
- Taking criticism
- Lack of experience
- Inability to delegate
- Lack of confidence
What are examples of threats
A threat is a potential for something bad to happen. A threat combined with a weakness is a risk.
For example, a forecast for rain is a threat to your hair and a lack of an umbrella is a weakness, the two combined are a risk.
What are your threats examples answers?
- Strengths: Positives you can capitalise on, these should be your ‘key selling points
- Weaknesses: Negative areas you need to improve on
- Opportunities: Positive external conditions you can take advantage of
How can you reduce your weaknesses?
- Identify your weakness
- Outline a plan for professional development
- Commit yourself to a timeline of goals
- Establish a support network to hold you accountable
- Challenge yourself to push past discomfort
What are your key weaknesses?
- Self-criticism
- Fear of public speaking
- Procrastination
- Issues with delegating tasks
- Lack of experience with skill or software
Sources
https://helpfulprofessor.com/opportunity-examples-for-swot-analysis/
https://www.carevoyance.com/blog/estimate-market-opportunity
https://blog.hubspot.com/marketing/swot-analysis
