SWOT Analysis is a planning tool that helps businesses understand their position in the market. It stands for Strengths, Weaknesses, Opportunities, and Threats. Think of it as creating a report card for a business that shows what they're good at, what they need to improve, what chances they could take advantage of, and what risks they face. When you see this on a resume, it usually means the person has experience in strategic planning and can think about business problems from different angles. Similar terms you might see are "Strategic Analysis," "Business Assessment," or "Competitive Analysis."
Led team workshops to conduct SWOT Analysis for new product launches
Performed quarterly SWOT Analysis to guide company's expansion strategy
Created comprehensive SWOT Analyses for three major business units
Typical job title: "Business Analysts"
Also try searching for:
Q: Can you describe a time when your SWOT analysis led to a significant business decision?
Expected Answer: Look for answers that show they've led strategic planning processes and can connect analysis to actual business outcomes. They should explain how they gathered data, involved stakeholders, and implemented recommendations.
Q: How do you ensure a SWOT analysis remains relevant in a fast-changing market?
Expected Answer: Strong answers will discuss regular review processes, market monitoring methods, and how to adjust strategies based on new information. They should mention involving different departments and keeping the analysis current.
Q: What tools and methods do you use to conduct a SWOT analysis?
Expected Answer: Candidates should mention research methods, data collection techniques, team workshops, and possibly software tools they use. They should explain how they gather input from different departments.
Q: How do you prioritize findings from a SWOT analysis?
Expected Answer: Look for understanding of how to rank importance of findings, ability to connect analysis to business goals, and experience in presenting recommendations to management.
Q: Can you explain what SWOT analysis is and why it's important?
Expected Answer: Should be able to explain the four components (Strengths, Weaknesses, Opportunities, Threats) and give basic examples of each. Should understand its role in business planning.
Q: What's the difference between internal and external factors in SWOT?
Expected Answer: Should explain that strengths and weaknesses are internal (things the company controls), while opportunities and threats are external (market conditions, competition, etc.).