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PRACTICAL NO.03

SWOT ANALYSIS

DEFINITION:

SWOT analysis is a strategic planning method used to evaluate the

Strengths, Weaknesses, Opportunities, and Threats involved in a

project or in a business venture. It involves specifying the objective of

the business venture or project and identifying the internal and

external factors that are favorable and unfavorable to achieve thatobjective. The technique is credited to Albert Humphrey, who led a

convention at Stanford University in the 1960s and 1970s using data

from Fortune 500 companies.

A SWOT analysis must first start with defining a desired end state or

objective. A SWOT analysis may be incorporated into the strategic

planning model. Strategic Planning, has been the subject of much

research.

Strengths: characteristics of the business or team that giveit an advantage over others in the industry.

Weaknesses: are characteristics that place the firm at adisadvantage relative to others.

Opportunities: externalchances to make greater sales orprofits in the environment.

Threats: externalelements in the environment that couldcause trouble for the business.

http://en.wikipedia.org/wiki/Strategic_planninghttp://en.wikipedia.org/wiki/Projecthttp://en.wikipedia.org/wiki/Businesshttp://en.wikipedia.org/wiki/Albert_S_Humphreyhttp://en.wikipedia.org/wiki/Fortune_500http://en.wikipedia.org/wiki/Fortune_500http://en.wikipedia.org/wiki/Albert_S_Humphreyhttp://en.wikipedia.org/wiki/Businesshttp://en.wikipedia.org/wiki/Projecthttp://en.wikipedia.org/wiki/Strategic_planning

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Identification of SWOTs are essential because subsequent steps in the

process of planning for achievement of the selected objective may be

derived from the SWOTs.

First, the decision makers have to determine whether the objective isattainable, given the SWOTs. If the objective is NOT attainable a

different objective must be selected and the process repeated.

The SWOT analysis is often used in academia to highlight and identify

strengths, weaknesses, opportunities and threats.It is particularly

helpful in identifying areas for development.

SWOT ANALYSIS OF OWN PROJECT

STRENGTHS

Big market demand Many branches Good customer services Possession of cash Located in city center Availability of construction material Coordination of workers Basic training of workers Big compared to competitors

WEAKNESSES

Obsolete facilities The deficiency of customers Impossibility of using the desired

material

Small compared to competitors No proper coordination of workers Untrained workers Located in such an area so that attract

less customers

OPPURTUNITIES

Reliable investors Good expense control Good communication of the investor with

the participants

Good expectations of the investors Global market

THREATS

High level of ground water Reduced construction quality Highly competitive industry Political uncertainty Religious uncertainty Substitute product or industry

http://en.wikipedia.org/wiki/Academiahttp://en.wikipedia.org/wiki/Academia