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 taken into account when doing a project or launching a business. The SWOT analysis would clearly present to the business owner or managers both the external and internal factors that could be favorable or unfavorable to the whole organization. The SWOT analysis can be traced back to Albert Humphrey where he presented it during the 1960s in a convention at Stanford University. Also, it is required to state your business objectives before continuing with the SWOT analysis template. By following the steps given, you would be able to create a SWOT analysis template: First, you have to create a square divided into four equal sections. Each section must be labeled by the following: Strengths, Weakness, Threats and Opportunities.
Second, determine all the inherent strengths that your business may have. List them in the box named as Strengths. Strengths can include factors like strong brand name or good distribution channels. It present only within the organization. Just follow this step for Weaknesses as well. List down in the box all existing weaknesses that the business is struggling with. Be as honest as possible so the problems can be addressed 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 pitch in their opinion so brainstorming is involved.
In case you want more comprehensive SWOT analysis template, there are many websites that you can download from. There are SWOT analysis template for free while some sites require payment.