Four Steps To Derive More Strategic Value From Your SWOT Analysis

The strengths, weaknesses, opportunities, and threats (SWOT) analysis methodology is one of the most popular tools among strategy professionals for examining and understanding the competitive positioning of their respective solution, organization, or company. Applied correctly, a SWOT analysis can help organizations identify and carve out significant and sustainable market opportunities — and identify and proactively avoid potential market disasters. However, because of the relative simplicity of the base SWOT framework, strategy executives do not always get the desired value from their investment. Forrester has seen and reviewed many SWOT approaches, structures, and their results and has identified common mistakes to avoid — as well as practical and structural improvements that strategy professionals can use to make their SWOT analysis more robust and revealing.