“A SWOT analysis template is a graphic presentation of a SWOT analysis. In most cases, people involved in
planning would find themselves creating a SWOT analysis template so they can easily visualize their ideas. Before beginning a SWOT analysis template, it would be helpful to know what a SWOT analysis really is. A SWOT analysis is a planning method used to assess the Strengths, Weaknesses , Opportunities and Threats that must be considered when doing a project or launching a business.
The SWOT analysis would clearly show to the business owner or managers both the external and internal factors that could be beneficial or disadvantageous to the whole organization. The SWOT analysis can be credited to Albert Humphrey where he presented it during the 1960s in a convention at Stanford University.
Likewise, it is required to state your business objectives before continuing with the SWOT analysis template. By following the steps listed, you would be able to design a SWOT analysis template: First, you have to draw a square divided into four equal parts. Every section must be named by the following: Strengths, Weakness, Threats and Opportunities.
Second, know all the inherent strengths that your business posess. List them in the box labeled as Strengths. Strengths can include factors such as strong brand name or good distribution channels. It must be found inherently inside the organization. Just follow this step for Weaknesses as well. List down in the box all current weaknesses that the business is struggling with. Be as honest as possible so the problems can be attended to later during the planning session.
Third, proceed to the two remaining boxes – Threats and Opportunities. Take note that these are external part of the environment such as new products that could be a substitute to your own or new regulations that could help or make things more complicated for your business. After doing all of the boxes, you have now a SWOT analysis template. Other members of the group can also share their opinion so brainstorming is necessary.
In case you need a complete SWOT analysis template, there are several websites offering free download. There are SWOT analysis template for free while some sites require payment.”