In order to understand yourself further and asses what strengths and weaknesses you have as well as the opportunities and threats that await you, you will need to do some analyzation. An effective tool to use is a SWOT analysis. A SWOT analysis has many uses that are mostly in business.
A SWOT analysis can be used for personal and professional purposes to help one identify the four main factors that affects them personally, their careers and their goals and improvements in life. In this article, we will be learning about professional SWOT analysis. We have also prepared professional SWOT analysis samples and templates that you can use as reference as you go through the topic. Check them out below!
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What Is a Professional SWOT Analysis?
We refer to professionals as those individuals who works with a specific professional activity to earn a living or someone who is a member of any profession. It is related to the standards of education attained by an individual as well as the training they underwent to become who they are now. Although professionals has been trained to be able to perform and function satisfactorily in the profession that they have chose, there are still things that they must improve on in order to meet the required standards of the company or organization they are working in. One way of doing such assessments is with the use of a SWOT analysis.
A SWOT analysis is commonly used in business and organizations to help them point out important internal and external factors that greatly affects their business or organization. These internal factors are their strengths and weakness while the external factors their opportunities and threats. These four components make up a SWOT analysis. The same components are also used in a professional SWOT analysis, which is a tool intended to further understanding the competitive position of professionals.
What Are the Uses of a Professional SWOT Analysis?
There are actually a number of uses of a professional SWOT analysis, not to mention that there is not much difference between a professional SWOT analysis and all the other SWOT analysis being used today. The minor differences are with the goals set, the subject of the analysis and how the findings are analyzed. So here are the uses of a professional SWOT analysis.
- A SWOT analysis is popularly known as a tool that is used to determine and individual’s or a company’s strengths, weakness, opportunities and threats. These four components are considered important information in order for a thorough analysis of an individual or business to be done.
- The findings in a SWOT analysis is also used a basis for making important decisions, whether it be for personal reason or for business purposes. The information gathered will help you come up with the right decisions that will fit the changes or improvement that you wish to make.
- When it comes to making personal changes or improvements, especially in your career, a SWOT analysis will be a handy tool. With it you can determine where you excel at, what you lack, what you can advantage of and what things you need to look out for.
- A SWOT analysis is used to be able to find ways on how things or certain situations can be improved or changed for the benefit of the individual or entity.
- Through a SWOT analysis, you will be able to convert your strengths into opportunities, weaknesses into strengths, and so on.
- The analysis is also used to be able to keep track of one’s improvement over a period of time. The records of previous SWOT analysis is compared to that of the current one and this is how you can attest how much improvement has been made or if there are no improvements at all.
You cam also learn more about SWOT analysis and other related topics on our website. Some of the interesting titles that you will find there are HR SWOT Analysis Samples & Templates, Hospital SWOT Analysis Samples & Templates, and Detailed SWOT Analysis Samples & Templates.
What Is the Difference Between a SWOT Analysis and a PEST Analysis?
Other types of analysis are also used for different purposes aside form that of a SWOT analysis. One of them is a PEST analysis. PEST is an acronym that stands for political, economic, social and technological factors. Both a SWOT analysis and a PEST analysis are used in business and marketing. Because of that, there might be some confusion as to when, where and how both tools are going to be used. The best thing to do to differentiate a SWOT analysis from that of a PEST analysis is to find out there differences.
- Through the components of each type of analysis, you will be able to easily tell how different they are. SWOT stands for strengths, weakness, opportunities and threats, while PEST stands for political, economic, social and technological factors. No matter how you look at them, their components are just so different.
- A SWOT analysis focuses on the internal and external factors of a business which comprise the four components of the tool. A PEST analysis is on the other hand is has its focus on the external environmental factors of the business.
- While a SWOT analysis is mainly used to assess a company or business and determine its advantage over their competition, a PEST analysis is used to explore and determine the legal and political aspects that affects a business.
- A PEST analysis does not include looking into or analyzing the internal factors that affect a business or company, unlike that of a SWOT analysis.
- A SWOT analysis is used to review and improve a business or company through factors that are observed by the members of the team and basing their decisions on the each member’s individual outputs. A PEST analysis is used to study various factors and determine their impact to the business. It is more precise compared to that of a SWOT analysis.
No one tool works best for everything. So regardless of which tool you prefer, just make sure that it is appropriate and provides you with information that is relevant to your goals and objectives. Other related articles that you may also find useful are Health Care SWOT Analysis Samples and Templates and Hotel SWOT Analysis Samples & Templates.
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How to Create a SWOT Analysis Template
A SWOT analysis template is literally a very simple and easy template to make. You don’t need much and you don’t have to be a genius to figure out how it would look like. So we have here prepared easy to follow steps on how you will be able to create a simple yet very useful SWOT analysis template. Check out the details below.
- First, prepare your working sheet. You can create a template the traditional way with a pen, paper and ruler. But to make things easier and more convenient, using a computer application is preferred.
- Make sure to set the paper layout, margin and paper orientation according to how you want it to be.
- provide a space or draw a blank on the top center part of the page. This is where the heading or the title of the SWOT analysis should be written.
- Now that your working page or sheet is ready, draw a table with two rows and two columns. It should fit the entire sheet.
- You will have a total of four boxes after drawing the table. Label each box with the four components of a SWOT analysis. The strength and weakness in the two boxes on top and the opportunities and threats in the two boxes at the bottom. You may also the boxes to indicate the external and internal factors.
- Well, there is really nothing much you can review on your template, but feel free to add whatever additional stuff you want to include in it.
- When you are satisfied, save your work in your desired folder with your desired file name.
- You can print multiple copies of this template or keep it for future use in case you need more copies.
How simple is that? That is exactly what you need to do to create a SWOT analysis template. You don’t need to break a sweat. of course, the tough part will always be the gathering and analyzing of data. We hope that you are able to learn from this article. For more about swot analysis and other related titles, you may check out our website. Some of the interesting articles we offer are Retail SWOT Analysis Samples &Templates and Restaurant SWOT Analysis Samples & Templates.
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