SWOT Analysis Essay - Importance, Advantages, Disadvantages, and Self-Evaluation

SWOT Analysis Essay
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Table of Contents
INTRODUCTION...........................................................................................................................3
MAIN BODY...................................................................................................................................3
What is SWOT analysis and importance of SWOT analysis model................................................3
Self evaluation with SWOT.............................................................................................................4
Advantages and disadvantages of SWOT analysis model...............................................................5
Continuous professional development.............................................................................................5
CONCLUSION................................................................................................................................7
REFERENCES-...............................................................................................................................8

INTRODUCTION
SWOT which means Strengths, weaknesses, opportunities and threats. So it can be said that
SWOT is the model which is helpful in evaluating these four factors of the business. Health and
social care sector can use this model in order to find out above four factors of the SWOT.
Through swot analysis this sector can lower or eliminate chances for failure by improving their
weakness. Strengths will help companies to know about what good they are with. They are the
advantage to company. Weakness will tell company with what they are lacking, opportunities
will tell company about chances and threat are the negativity which company can face (Vlados,
20190. Swot analysis is helpful in getting strategic direction as company is aware about the
internal and external factors which can aware their business. By getting aware of threats
companies in healthcare sector can take necessary actions to mitigate them. When business is
aware of threats and chances then for them it gets easier to adapt them. Swot analysis helps in
quickly taking opportunities and business can work on their weaknesses. With the help of this
model resources can be allocated effectively because company have information that where they
are lacking and so that they can start working on such areas.
This framework can be also used for competitive analysis. As companies like NHS will
come to know about new market opportunities and can prepare themselves to take competitive
advantages. This report will discuss in detail about swot analysis and why it is used. Further it
will evaluate uses of swot analysis along with its importance to individual. This report will
evaluate swot which will show my positive and negative which can influence my academic and
professional development. It will also analyze advantages and disadvantage of swot along with
ccontinuous professional development.
MAIN BODY
What is SWOT analysis and importance of SWOT analysis model?
SWOT analysis is one of the best renowned tools for analysis of overall strategic position of
business as well as for its environment. The main aim of making use of this tool is identifying
strategies that can create an organization’s capabilities. In another words it can be said that it is
the foundation for evaluating internal potential as well as limitations, likely opportunities of
people and companies (GURL, 2017). It can help in knowing people’s as well as organizations’
internal strengths, capabilities, weaknesses, opportunities and threats. By evaluating all these,
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