SWOT analysis is a very valuable template used to recognize internal condition as well as external situation for any organization. This template is mostly used in strategic examination of the organizations; this model is used for the significant analysis of the current situation of any organization and then to desire appropriate strategy or way to cope up with the competitive environment. This template explores every hidden facts of the organization as it is understandable that S stands for strength of the organizations which needs to be critically examined to understand present position of the organization that what capabilities and core competences organization have and then W stand for the weaknesses of the organization which are very imperative to identify because these weaknesses can obliterate the reputation of organizations, so by identifying this organizations can conquer its weaknesses in order to prolong its position.
These two first inscription of this template is concerned with the internal analysis of the organization which can be very useful in the state of affairs of selecting appropriate strategy firstly it benefits organization to look at its internal position in detail so that every thing should be comprehensible to the organization before choosing any approach. Now O stand for the opportunity which is the part of external analysis this looks at that what opportunities organization have in front of it and how these opportunities can be availed.
Finally T stands for the thread which organization is facing in its current strategic situation. This helps organization to identify the potential threads and to diminish the risk of these threads by overcoming it.
So all these four factors which are recognized above are very helpful for any organization to evaluate its internal and external situation and then to select appropriate strategy for overcoming weaknesses and to sustain and swell its strengths secondly to make best selection of the opportunities available for the organization and to reduce the threads which organization is facing in current situation.
So as I have identified all the factors and consequence of these templates above along with this I have made a strong and helpful template for the organizations, which will be very beneficial for them to do analysis of their current situation and to select best appropriate strategy for the competitive advantages. I have put my lot of efforts to intend this useful template and hope that this template will help organizations a lot.