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Digg it UP - How To Conduct A Successful S.W.O.T. Analysis
Today I want to focus on how you can get blogs to really work for you, drawing not only interest from other members, but also inspiring them to get in touch and comment, increasing the level of engagement and increasing the possibility of forming relationships that are rewarding in all sorts of ways!I know a lot of people think blogs are rubbish and I don't blame them one bit. A blog is nothing more than a silly waste of space unless the content has value to the reader.This article, adapted from a blog post on My Speed Business Network, is an example. It seeks to add value to you, the reader, by giving information that will lead to your direct benefit. It seeks to tell you how to help develop your business through using the free resources on this site. As our membership grows, you'll start to see people commenting on these little t
your teams', your suppliers' and others.
WEAKNESSES
Answer from your o
Should you sell yourself at work?If you want to move up the corporate ladder and get noticed, yes you should.At the end of the day, we’re all salespeople no matter what job we do and in virtually all aspects of our life. We sell ourselves to potential employers, potential customers, potential significant others and potential friends.Selling yourself simply refers to showing others what you are capable of and promoting your skills and worth to others.In a work context, selling yourself could refer to letting your peers and superiors know about your skills and the reasons why you exist in the company.If you work for a large company where it’s easy to get lost, the importance of some degree of self promotion becomes even more important if you expect to get noticed by higher ups.Do you work with people where you
This is a powerful and highly successful technique that can be applied to an individual, a group, a team, a company, a plan – think about it, even a website! Again, experiment with it. If it helps you to focus your (and your team’s) efforts in the right direction, it’s worth it.
The process is to ask and answer a number of specific questions for each of the 4 categories, documenting the answers. This process, in itself is simple enough. However, so that you are not disappointed with the outcome, take the time you need, get the answers you need, face the facts and above all, take action.
TIP Whether working on this for yourself or with your team, always keep in mind the goal you want to achieve for each category.
So, in this context, treat 'you' as either yourself, your team, your improvement group, your company, your business.
The starting point of a successful SWOT analysis is to understand that there are 4 general objectives, one for each part of the analysis, the goal you wish to achieve.
Typical Format - the most common approach and widely used format is to construct a 2 row by 2 column matrix with the following information...
STRENGTHS in top left quadrant
Capitalise
on your
strengths
WEAKNESSES in top right quadrant
Address
your
weaknesses
OPPORTUNITIES in bottom left quadrant
Take full
advantage
of the
opportunities
available
THREATS in bottom right quadrant
Deal with or
minimise the
impact of threats
you face
Although each of the above statements can be regarded as action oriented, they are, in themselves, meaningless. We can't use them to communicate exactly what our plans are going to be, why we have the plans in the first place, what resources we need and who will implement the plans.
So, let's ask a few fundamental questions to put some meat on the skeleton...
---Sidebar---
Add to or tailor the questions to suit you, your team, your organization.
---End Sidebar---
STRENGTHS
Answer from your own point of view, your customers’
your teams', your suppliers' and others.
WEAKNESSES
Answer from your ow
When you have bought a new TV you expect the plug to fit the socket. When you buy a video disk you expect it to fit your recorder. When you buy a new tire, you would like it to fit the wheel. When you write a document you want it to open on another computer with a different word processor.Yet:A video game fits only the device it is made for: Xbox, PSP, Play Station, PC and Nintendo. They are all different. Exchanging software and hardware between them is limited or even made (deliberately) impossible.But, on the other hand:XML is a new standard that has been developed to facilitate the exchange of information through the internet. Before the internet, companies also did exchange information but by means of a much more closed and exclusive Electronic Data Interface (EDI) format. Web services are also going into the direct
TIP Whether working on this for yourself or with your team, always keep in mind the goal you want to achieve for each category.
So, in this context, treat 'you' as either yourself, your team, your improvement group, your company, your business.
The starting point of a successful SWOT analysis is to understand that there are 4 general objectives, one for each part of the analysis, the goal you wish to achieve.
Typical Format - the most common approach and widely used format is to construct a 2 row by 2 column matrix with the following information...
STRENGTHS in top left quadrant
Capitalise
on your
strengths
WEAKNESSES in top right quadrant
Address
your
weaknesses
OPPORTUNITIES in bottom left quadrant
Take full
advantage
of the
opportunities
available
THREATS in bottom right quadrant
Deal with or
minimise the
impact of threats
you face
Although each of the above statements can be regarded as action oriented, they are, in themselves, meaningless. We can't use them to communicate exactly what our plans are going to be, why we have the plans in the first place, what resources we need and who will implement the plans.
So, let's ask a few fundamental questions to put some meat on the skeleton...
---Sidebar---
Add to or tailor the questions to suit you, your team, your organization.
---End Sidebar---
STRENGTHS
Answer from your own point of view, your customers’
your teams', your suppliers' and others.
WEAKNESSES
Answer from your o
You may think it impossible to find an entrepreneur business opportunity if you do not have substantial funds to invest. A lot of businesses that are just starting out do require large financial investments, but there are also plenty of low cost business opportunities available with high income potential. How do you go about finding an affordable entrepreneur business opportunity? You’ll need to dedicate the time needed to research the wide variety of low cost business opportunities out there.One of the best ways to find and research low cost business opportunities is on the Internet. Make a list of all the available opportunities out there to choose from, and then decide which entrepreneur business opportunity will best meet your particular needs. Don’t count anything out in the beginning, but instead be very thorough in your research o
STRENGTHS in top left quadrant
Capitalise
on your
strengths
WEAKNESSES in top right quadrant
Address
your
weaknesses
OPPORTUNITIES in bottom left quadrant
Take full
advantage
of the
opportunities
available
THREATS in bottom right quadrant
Deal with or
minimise the
impact of threats
you face
Although each of the above statements can be regarded as action oriented, they are, in themselves, meaningless. We can't use them to communicate exactly what our plans are going to be, why we have the plans in the first place, what resources we need and who will implement the plans.
So, let's ask a few fundamental questions to put some meat on the skeleton...
---Sidebar---
Add to or tailor the questions to suit you, your team, your organization.
---End Sidebar---
STRENGTHS
Answer from your own point of view, your customers’
your teams', your suppliers' and others.
WEAKNESSES
Answer from your o
The EA0 record is very long and takes a while to get through it all. In this installment of our series on medical billing and the EA0 record for electronic claims submission, we're going to pick up our review of this record with field number 20.EA0 field 20, positions 80 - 94, is the referring physician number. Every registered physician in the United States has a number for each state and each agency that they bill to. This field contains their number registered with the payer that the claim is being billed to.EA0 field 21, positions 95 - 109, is the referring physician UPIN number. This is where things can really get confusing. A UPIN number is a number assigned to every physician in the United States who bills Medicare. This is only used for Medicare billing and not to be confused with the number in field 20, unless they happe
So, let's ask a few fundamental questions to put some meat on the skeleton...
---Sidebar---
Add to or tailor the questions to suit you, your team, your organization.
---End Sidebar---
STRENGTHS
Answer from your own point of view, your customers’
your teams', your suppliers' and others.
WEAKNESSES
Answer from your o
Marketing is based on the importance of customers to a business and has two important principles:1.All company policies and activities should be directed toward satisfying customer needs.2.Profitable sales volume is more important than maximum sales volume.To best use these principles, a small business should:* Determine the needs of their customers through market research.* Analyze their competitive advantages to develop a market strategy.* Select specific markets to serve by target marketing* Determine how to satisfy customer needs by identifying a market mix.Market Research:Successful marketing requires timely and relevant market information. An inexpensive research program, based on questionnaires given to current or prospective customers, can often uncover dissatisfaction or possib
your teams', your suppliers' and others.
WEAKNESSES
Answer from your own point of view, your customers’ and
others. Face the Truth
OPPORTUNITIES
technology, demographics, legislation, education
Use PDCA (see footnotes) to identify those that will give you
the greatest return
THREATS
Use PDCA (see footnotes) to prioritize
O.K., we have done the data gathering, the surveys, the questioning, the 'soul searching'. Redraw the matrix when questioning round is complete replacing the questions asked in each quadrant with a summary of the answers.
Easy for me to say I know but...
As long as you have been factual
As long as you have been honest especially with yourself
As long as you are ready and prepared to accept the answers
As long as you are prepared to TAKE ACTION
You have the foundation here to take a snapshot of where you are today, what's working for and against you, and the basis for a series of action plans to get you to where you want to be tomorrow.
Regardless of which quadrant you may be studying, the key
question to ask yourself is...
"What will give us the biggest return"
Many of us are familiar with the "Pareto Principle", perhaps more familiar with the term "80-20 Rule"
Pareto Principle
Why the 80-20 rule? Approximately 80% of trouble comes from 20%
of the problems. Also, quite often, 80% of the results we
seek, will come from 20% of our efforts - as long as we are
focused and prioritize.
Although "Pareto" is named after the economist Vilfredo Pareto,
it was Dr. Joseph M. Duran who applied the thinking to
management best practices.
Dr. Juran advises us to concentrate on the "vital few" sources
of problems (and in this context, the actions which will
give us the greatest return) and not be distracted by those
of lesser impact or importance.
To conclude, be as creative as you can be in your problem solving
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