Showing posts with label How to Make SWOT Analysis. Show all posts
Showing posts with label How to Make SWOT Analysis. Show all posts

Friday, 3 July 2020

July 03, 2020

How to Make a Better SWOT Analysis for Academic Paper

How to Make SWOT Analysis
SWOT is an acronym of strengths, weaknesses, opportunities and threats. A SWOT analysis is carried out to look at another company that could be your competitor or someone you want to do business with to break down all the details of the particular company. There are few things that you need to keep in mind when you are going to write SWOT analysis. You have to consider the following key aspects to make a better SWOT analysis for your research work.

Detailed Description of the Company:
As suggested by experts of dissertation writing services, you need to get all the details about the company you have chosen for SWOT analysis. You can start online by going to their website. Try to get as much information from the website. If you can’t find details about the company on their website, you can search in other sites. The collected information will provide you insights on how they started and their background information. You might get to know about the number of employees working in company and their service infrastructure.

Start Your SWOT Analysis:
The next step will be to begin with your actual work. You are going to start you SWOT analysis by writing the ‘strengths’ of the company. Next to that would be ‘weaknesses’. Write ‘opportunities’ next to ‘weaknesses’ and next to that would be ‘threats’.

During research on the company, you need to highlight the areas where you find they are strong. Maybe the company has recently in news because of generating a lot of revenue or they bought another firm. Enlist the big news in your analysis. If there stocks have been up for a while or they have started working on a big project. These can be their strengths.

Now you have to begin writing down the weaknesses of the company. The weaknesses encompass all the problems that the company has in the news. Are there any issue regarding labor? Maybe the labor unions are creating issues because of low wages. Their salary package is not good enough to satisfy their employees. All of these are weaknesses. In order to closely observe the weak areas of the company, you have to make sure that you are observing their stock and following the articles that say they are doing well or showing inefficient behaviors. 

Opportunities will be the next step in the SWOT analysis. If you are looking for the opportunities provided by the company the best way is look through the latest press release. A press release pin points information about a company and what they are planning to do ahead. The annual report or an earnings report can also help you in this regard. Reading full reports can take a lot of your time so it is better to go through a summary of the report.

The best way to do this is to do search for the particular company on the internet and search for the annual report summary. You can find information if you are looking through Facebook by typing ‘annual report summary’. Another way would be to search for the annual report and look through the articles from the different firms written about the company’s progress. You may notice that articles written by various finance companies regarding their weakness and opportunities do not portray a complete picture in front of you. They also present their SWOT analysis but with less details of what we need to know. The opportunities that you have highlighted in your analysis may be their goals for the future.

The next category you would be working in is the ‘threats’ the company is facing right now. You need to foreground the challenges and competitions the particular company is going through during the time of analysis. The threats to a company can be enormous with a range of competitors in the field. You analysis would help to highlight the underlying factors that can challenge the position of the company in near future. 

By focusing on these major areas, you can start writing your SWOT analysis. The more it focuses on details the better it would be. Try to focus on the performance of the company and spotlight each detail through articles, news or any source of information. Your analysis should provide carefully researched and authentic information that can be helpful in future. If you are analysing the company for the second time, it is important to update your information because for a fresh report you need fresh details.