B. SWOT For Blue Birds - Work Box (2/3)
I love SWOT Analysis! 😍😍😍
They are a loosely guided way fo you to gather insight about the brands around you, and generate a tone of ideas for the future of your brand. 😌✨
If you don’t know, SWOT stands for:
⭐️ Strengths
Those are the traits that are working well for a company. ✨ They are things like what attracts people to them, why do people like them, what are they known for, what makes them recognizable, or sets them apart.
⭐️ Weaknesses
Those are the traits that don’t serve a company well. 💩 They might be things they are completely missing, that they might be doing poorly, a bad reputation, or clients’/customers’/workers’ complaints that are the tip the iceberg. 🧊
⭐️ Opportunities
This section is about the strategic decisions you make based on the observation of your competitors’ situation. 🧐 I’m talking about things like a decision to mimic something they are doing, taking advantage of an opportunity you see, choosing to make a move because they changed something major like their CEO, their line of products, their location, and so on.
⭐️ Threats
This last section is about the strategic decisions that your competitors do, or might do, that can become a threat to your business. 🤭 They might be things like moving closer to your location, shifting their business, or offering new products/services.
By understanding the meaning of those 4 words, and what’s the intent behind them, you’ll be able to navigate any brand’s information with powerful observation. ✨🔭
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⭐️ Follow me on Instagram (@craycrayowl) to have full access to the process. ⭐️
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