SWOT audit: strengths and weaknesses
   
  Examples of strengths:
  • comfortable financial assets allow strategy implementation
  • fundamental company skills
  • market leader in at least one segment
  • succinct and effective core strategies
  • flexible specialization fully implemented
  • reduced inventory costs through JIT
  • technology protected through comprehensive patents
  • marketing plan well focused and resource-maximizing
  • R&D generates constant innovative product stream
  • management and union relations smooth and steady
  • core management practices well-established and implemented
  • adequate manufacturing capacity
  • good reputation with consumers
  • possibility to expand manufacturing resources at short notice

Examples of weaknesses:

  • lack of strategic objectives
  • shrinking margins
  • aging manufacturing plant
  • inexperienced managers
  • non-optimal management structures
  • poor consumer perception
  • poor sales channel morale
  • high production costs relative to competitors
  • product line lacks differentiation
  • tactical implementation of strategic plans less than optimal
  • marketing plan lacks focus
  • technical innovation weaker than competitors
  • lack of finance inhibits strategy
Swot