Rusteberg, Christian
(2024).
« From insight to action - Enhancing SWOT analysis For An actionable Plan ».
Strategy Magazine(39), pp. 28-31.
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Résumé
In today’s fast-paced business landscape, adapting quickly to change is crucial for staying competitive. While valuable insights are plentiful, converting them into actionable plans presents
notable challenges. To address this, many organizations rely on SWOT analysis, a framework that assesses both the helpful and harmful, as well as the internal and external factors. Unfortunately, the traditional SWOT has several limitations that actually don’t help prioritize those helpful or harmful factors, nor does it help develop concrete actionable steps to address those factors. The objective of this article is twofold. This paper will 1) Describe SWOT and its limitations and 2) Introduce a new method that addresses the traditional framework’s shortcomings so it can reach its full potential.