SWOT is an acronym for "Strengths, Weaknesses, Opportunities, and Threats." Sometimes, it goes by the name "SWOC" instead, as in "Strengths, Weaknesses, Opportunities, and Challenges."
A SWOT analysis involves looking closely at the factors that help your business succeed and the factors that can get in the way so that you can build a more effective business plan. It's a time-honored tool for both for-profit and nonprofit companies.
Our team has written several helpful articles about SWOT analysis for our learning websites. Here are some excellent starting points:
- SWOT Analysis: A Curated List of Our Best Resources
- SWOT Analysis Examples
- Turning Your SWOT Analysis into Actionable Strategies
- What is a SWOT Analysis and How to Do It Right
The SWOT analysis is an optional text topic you can add to your plan.
- In the Plan tab, click Outline:
- Click Topics under Available Content:
- Locate the SWOT Analysis block:
- Click on the SWOT Analysis block in the sidebar, and drag it to the section of the plan outline where you'd like it placed. For more on how to do this, see this video.
- Now, click the View & Edit link at the top of the page:
- Navigate to the chapter where you placed the SWOT Analysis topic. Use the sidebar to click and expand the chapters. Locate the new SWOT Analysis block, and click the Start writing now link:
- Add your text to the editing field, and click I'm Done to save: