Wednesday, November 2, 2022

SWOT Analysis - Identify yourself your core competencies and obstacles

SWOT Analysis - Know yourself, your skills, core competencies and factors that can support you and your areas of improvement to succeed.


Strengths

  • What advantages do you have that others don't have (for example, skills, certifications, education, or connections)?
  • What do you do better than anyone else?
  • What personal resources can you access?
  • What do other people (and your boss, in particular) see as your strengths?
  • Which of your achievements are you most proud of?
  • What values do you believe in that others fail to exhibit?
  • Are you part of a network that no one else is involved in? If so, what connections do you have with influential people?

Tip:
Think about your strengths in relation to the people around you. For example, if you're a great mathematician and the people around you are also great at math, then this is not likely to be a strength in your current role – it may be a necessity.

Weaknesses

  • What (important) tasks do you usually avoid because you don't feel confident (doesn't interest you) doing them?
  • What will the people around you see as your weaknesses?
  • Are you completely confident in your education and skills training? If not, where are you weakest?
  • What are your negative work habits (for example, are you often late, are you disorganized, do you have a short temper, or are you poor at handling stress)?
  • Do you have personality traits that hold you back in your field? For instance, if you have to conduct meetings on a regular basis, a fear of public speaking would be a major weakness.
Again, consider this from a personal/internal perspective and an external perspective. Do other people see weaknesses that you don't see? Do co-workers consistently outperform you in key areas? Be realistic – it's best to face any unpleasant truths as soon as possible.

Opportunities

  • What new technology can help you? Or can you get help from others or from people via the internet?
  • Is your industry growing? If so, how can you take advantage of the current market?
  • Do you have a network of strategic contacts to help you, or offer good advice?
  • What trends (management or otherwise) do you see in your company, and how can you take advantage of them?
  • Are any of your competitors failing to do something important? If so, can you take advantage of their mistakes?
  • Is there a need in your company or industry that no one is filling?
  • Do your customers or vendors complain about something in your company? If so, could you create an opportunity by offering a solution?
You might find useful opportunities in the following:

Networking events, educational classes, or conferences.
A colleague going on an extended leave. Could you take on some of this person's projects to gain experience?
A new role or project that forces you to learn new skills, like public speaking or international relations.

A company expansion or acquisition. Do you have specific skills (like a second language) that could help with the process?

Also, importantly, look at your strengths, and ask yourself whether these open up any opportunities – and look at your weaknesses, and ask yourself whether you could open up opportunities by eliminating those weaknesses.

Threats

  • What obstacles do you currently face at work?
  • Are any of your colleagues competing with you for projects or roles?
  • Is your job (or the demand for the things you do) changing?
  • Does changing technology threaten your position?
  • Could any of your weaknesses lead to threats?
Performing this analysis will often provide key information – it can point out what needs to be done and put problems into perspective.

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