Tuesday, March 30, 2010

Have you Done Your SWOT Analysis?

SWOT





SWOT is not only a useful business tool it is also a good personal management tool. It is about strengths, weaknesses, opportunities, and threats. How do you go about identifying and analyzing your SWOT? Let us take a closer look at each one:


Strengths: These are your expertise, talents, capabilities, and things that you are good at. It is also an asset when your EQ is high. What about your language skills? Are you good at more than one language? Find out more about your strengths and capitalize on them. In other words, put your best foot forward, show the best in you.

Weaknesses: Nobody is perfect. Recognize your shortcomings and take steps to minimize the impact. Are you disorganized and unable to deliver on time? Are you always in a rush? Perhaps you need to brush up your time management skills.

Opportunities: When you are young the world is in your hands. Opportunities are aplenty. The most important thing is to match your strengths with the right opportunity. Your strengths are those things that you are good at and you are passionate about. Get hold of something that is of interest to you.

Threats: As an example, age is a threat to older working adults. How do you overcome this problem so that you are not out of a job at the wrong time? Networking is the answer. Be in constant touch with your circle of influence. These are the people who know you and they know what you are good at and they do not mind about your age. They are willing to take you on when you need their help. Be alert to changing conditions that may be affecting you adversely.


The most important thing to do is to sharpen your competitive skills and reduce the impact of your weaknesses.

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