SWOT (Strengths, Weaknesses, Opportunities, Threats) is a popular framework for developing a marketing strategy. Although SWOT is promoted as a useful technique in numerous marketing texts, it is not universally praised: One expert said that he preferred to think of SWOT as a “Significant Waste of Time.”
The problem with SWOT is more serious than just wasting time. Because it mixes idea generation with evaluation, it is likely to reduce the range of strategies that are considered. In addition, people who use SWOT might conclude that they have done an adequate job of planning and ignore such sensible things as defining the firm’s objectives or calculating ROI for alternate strategies.
Content: Article
Author: J. Scott Armstrong
Source: “ManyWorlds”
Subjects: Marketing / Sales, Strategy
Author: J. Scott Armstrong
Source: “ManyWorlds”
Subjects: Marketing / Sales, Strategy
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