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CYPS – Foundation Degree How to carry out a swot analysis. [email protected] Aims To examine the principles of carrying out a swot analysis on provision. For this module Learning Outcome One - The SWOT analysis of provision informs the discussion within your Learning Outcome Two – The SWOT analysis forms the basis for the implementation and evaluation of the Work-based Activity. What does SWOT stand for? SWOT stands for strengths, weaknesses, opportunities, threats. Strengths and weaknesses are internal factors. Opportunities and threats are external factors. What is a SWOT analysis. SWOT is a strategic planning tool used to evaluate the strengths, weaknesses, opportunities, and threats to a project. It involves identifying the objective of the project and the internal and external factors that are favourable and unfavourable to achieving that objective. The Swot as a tool A SWOT analysis is a tool for auditing a setting and its environment. It is the first stage of planning and helps you to focus on key issues. A tool for understanding and decision-making for all sorts of situations. Provides a good framework for reviewing strategy, position and direction of a setting or issue within a setting. Successful SWOT Be realistic about the strengths and weaknesses of your setting. It should distinguish between where your setting is today, and where it could be in the future. It should always be specific. Keep your SWOT short and simple. Avoid complexity and over analysis SWOT is subjective. Strengths Strengths are within the control of the setting and they occur at present! Strengths should be capitalised and harnessed to make weaknesses redundant. Here you are looking at what you are doing or have in place at this moment in time. The next slide gives you some ideas of the strengths to look for there are many others. Strengths Advantages of theme/idea/policy Competence in this area, Skill level Resources, Assets, People Experience, knowledge, track record Existing data policies. Accreditations, qualifications, certifications. Processes, systems, in place Cultural, attitudinal, behavioural Quality measures. Weakness Weaknesses are within the control of the setting again they occur at present. They are "lack of...", "missing...", or weak points. As far as possible, weaknesses should be eliminated and this section will assist you in your essay discussion and work based project. The next slide gives you some idea of the kinds of weakness to look for. Weakness Disadvantages of theme/policy/idea Gaps in capabilities Settings vulnerabilities Timescales, deadlines and pressures Conflicting projects Financial restraints. Staff turnover / training Reliability of data Morale, commitment, leadership Processes and systems, etc Management commitment. Opportunities Opportunities are positive or favourable factors that the setting could/should make use of or which make the project / idea achievable. They are, however, mostly beyond the control of the setting. They are different from strengths in the sense that strengths are positive internal factors of the business. The next slide gives you some idea of the kinds of opportunities that may be available. Opportunities Training Government agenda Technology development and innovation Multi agency support Information and research Partnerships, agencies, distribution Outcomes for children Benefits for the settings Team opportunities. Threats Threats are negative or unfavourable external factors in the environment and normally beyond the control of the setting. They adversely affect the project, if not eliminated or overcome. Threats differ from weaknesses in as much as they are beyond the control of the setting. Both have a negative impact on the project. The purpose of analysing threats is to look for ways of trying to avoid them or lessening their negative impact by making counterbalancing actions. Threats Political effects Legislative effects Intentions - various Partnerships Maintining commitment to the idea Obstacles faced Insurmountable weaknesses Loss of key staff Sustainable financial backing Included in the Swot Generally speaking, you should cover the following aspects, while making a SWOT analysis for a your setting / project idea: Have you considered Financial Aspects Cash flow Access to additional resources Investment requirement Risk Management, Supervisory Management competence Time Decision making Corrective action Physical Resources Infrastructure & utilities Materials Customer – child parent Impact on parent / child Legislation Impact Barriers Communication Questions With a SWOT analysis it is useful to ask these questions: How can we use our strengths? How can we address each weakness? How can we exploit each opportunity? How can we guard against each threat? Advantages of a SWOT Simple and only costs time to do. Generates new ideas to help take advantage of an organisation's strengths and defends against threats. Awareness of political and environmental threats allows an organisation to have response plans prepared. Disadvantages of a SWOT May tend to persuade organisations to compile lists rather than think about what is actually important in achieving objectives. Presents lists uncritically and without clear prioritisation so that, for example, weak opportunities may appear to balance strong threats. Usually a simple list and not critically presented.