information technology swot analysis examples

new trade agreement-export possibilities.Opportunities are a set of external circumstances that, with the right decisions, can grow your company or put you in a favourable strategic position.Įxamples of opportunities-and some possibilities for your business:

To identify the underlying cause of your company’s weaknesses (or its strengths), Feder suggests You need to know your weaknesses because they make your business vulnerable. Weaknesses are internal attributes and resources that your company lacks. You need to know your company’s strengths they’re what make it thrive. Strengths are the things that your company does particularly well, or resources and assets that it owns that distinguish it from your competitors. The four elements of a SWOT analysis Strengths While it is important to neutralize your weaknesses so that they don’t undermine your success, Feder suggests instead to keep building on your obvious strengths, the ones that will differentiate you from your competitors. Working on your organization’s weaknesses can only get you so far. “The strengths and weaknesses should not be seen as simple attributes of your company, but more specifically as something that stacks up against your competitors or that affects your clients’ experiences,” explains Michelle Feder, Director, Small Business, BDC Advisory Services.Īs for opportunities and threats, these typically refer to changes in your market, or in the wider world, that may take on a positive or negative risk for your business.įeder says you need to capitalize on your strengths while preventing your weaknesses from becoming a liability. SWOT analysis is a framework for identifying and analyzing your organization’s strengths and weaknesses, as well as the opportunities and threats you are facing. Since your strengths and weaknesses are internal to your organization, and opportunities and threats external factors, SWOT analysis is sometimes called internal-external analysis. SWOT is an acronym for strengths, weaknesses, opportunities and threats. Growth & Transition Capital financing solutions Kauffman Fellows Program Partial Scholarship Venture Capital Catalyst Initiative (VCCI) Industrial, Clean and Energy Technology (ICE) Venture Fund

Information technology swot analysis examples