SWOT Analysis in New Concept

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As we were building and introducing the new concept feature on the sit - promoting zero wastage of ideas, we realised that it might become difficult for the concept owners to manage and productively use the inputs given by various members. team started thinking of a tool through which the concept owners could easily manage the the inputs.

After a lot of thoughts was put into this aspect, team decided to introduce the SWOT analysis tool in this section.

What is SWOT analysis?

SWOT analysis is strategic planning method used to evaluate the Strengths, Weaknesses, Opportunities and Threats involved in the project or business.

To use this tool , the owner must review each input and classify under respective headings and then see

* How can STRENGTHS be used
* How can WEAKNESSES be stopped
* How can OPPORTUNITIES be exploited
* How can each THREAT be defended

In case a owner feel that a particular input does not fit in any of the four headings, they can put it in the GENERAL INPUTS box and use them if required.