SWOT Analysis for Individuals

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Presentation transcript:

SWOT Analysis for Individuals C. W. Von Bergen Southeastern Oklahoma State University

SWOT Analysis for Individuals “Those with keen understanding of their strengths and needs are in much better position than those with limited or faulty self-knowledge. —Howard Gardner, Frames of Mind Employment counselors and career development specialists should be familiar with this approach. Noted author, Howard Gardner, is a keen observer of human behavior said: Some self-reflection is important.

Strategic Planning and SWOT Analysis From strategic planning S—strength W—weakness O—opportunity T—threat Perspectives Internal (strengths, weaknesses) External (opportunities, threats)

The Strategic Management Process

A SWOT Analysis … serves to uncover the optimal match between the internal strengths and weaknesses of a given firm and the environmental trends (opportunities and threats) that the business must fact in the marketplace. The most well-known strategic planning tool.

SWOT Analysis for Individuals Many business students are familiar with the idea of SWOT analysis since it is much discussed in business curriculum The rise of the Protean career Workers must take more control of their careers Employees must look out for their own employability People must periodically reinvent themselves Individuals must develop competitive skills needed in the marketplace Douglas Hall talked about the Protean career a number of years ago: Derived from the Greek god Proteus, who could change shape at will Employability is considered an alternative to job security Implement a strategic management process at the individual level The protean career is a process which the person, not the organization, is managing. It consists of all of the person’s varied experiences in education, training, work in several organizations, changes in occupational field, etc. The protean person’s own personal career choices and search for self-fulfillment are the unifying or integrative elements in his or her life.

Personal SWOT Combination of … And Created … Self-assessment tool Strategic planning activity And Created … In light of an individual’s personal mission statement Their vision of where they see themselves in the future Personal mission statements:

Personal SWOT Analysis Template Pass out handout of this to audience.

Primary Misuse of SWOT The failure to link outcomes of SWOT exercises to the rest of the planning system has been suggested as the key problem of the SWOT tool

Therefore … Develop actions and action plans for moving forward and then evaluate and recalibrate

Personal SWOT Analysis … Not the best thing since sliced bread, but pretty darn close