18.12.13

SOME MORE INPUTS ON SWOT ANALYSIS / PURPOSES OF SWOT ANALYSIS



SWOT analysis is conducted in order to identify an organisation's internal Strengths and Weaknesses and also the Opportunities and Threats posed by its external environment. It enables the planners to identify the following:
(1)
Strengths
:
Internal things we have that are good OR do well

(2)
Weaknesses
:
Internal things we do not have OR do not do well

(3)
Opportunities
:
External factors that may help in the achievement of our Mission.

(4)
Threats
:
External factors that may be barriers to achievement of our Mission


INTERNAL SCAN
For the internal scan the guide is to examine the four Ps - People, Properties, Processes and Products.
(i)             People (Human Resources)
·      Teaching Staff
·      Administrative Staff
·      Technical supporting Staff
·      In each category consider the number of staff available, their qualifications commitment and motivation.
·      Students.
·      Quality of students enrolled.

(ii)            Properties
Infrastructure, Buildings, Laboratories, Workshops, Library, Auditorium, Guest House, Equipment, Machinery, Tools, Vehicles, Furniture etc.
(iii)           Processes
·      Governance
·      Management & Administration
·      Curriculum Development
·      Teaching - Learning
·      Student Support Services
·      Staff Development
·      Information System (M.I.S.)
·      Communication

(iv)          Products
·      Students
·      Percentage of pass in the examination.
·      Percentage of Job – placement.
·      Publications.
·      Items manufactured / fabricated in the production centre.

EXTERNAL SCAN
For the external scan the planners have to identify and evaluate the Social, Technological, Economic, Environmental and Political factors (STEEP) in the environment outside the organisation, which affect its success or survival.
(i)   Social factors
:
Demographics, Participation of    Women, Opportunities and access to training for disadvantaged people.
(ii)   Technological factors
:
Impact of computers, Modern communication technologies, Microprocessor etc.
(iii)   Economic factors

:
Liberalization, Privatization and Globalization of Economy, Development of specific sectors of industry, Unemployment and Underemployment, Development of Entrepreneurs etc.
(iv)   Environmental factors
:
Depletion of Natural resources, Environmental sustainability, Pollution control, Energy consumption, Regulations of World Trade Organisation etc.
(v)   Political factors
:
Legislation   affecting   education   and   training, Control of Curriculum, Budgets and Teacher qualification, Degree of central versus local control etc.

While assessing the external environment the planners have to also consider the forces and trends in terms of the Institute’s Customers, Clients, Competitors and Collaborators (CCCC).
Customers    -   The employers who hire the graduates of the institute are in fact the customers of the institute.  What do these employers need in terms of skills, knowledge and attitudes in potential employees and current employees?
Clients                -   The full-time students are clients of the institute, but there is a much larger potential market of clients for part-time, evening and weekend courses – adults seeking job-related and personal development skills and knowledge.  What does this market have to offer in terms of opportunities?
Competitors    -         Public and private institutions which do or can potentially draw away the students (clients) and employers (customers) who hire graduates of the institute.  Are there some opportunities for sharing and helping even more people, or do these institutions threaten to restrict or even close down the polytechnic?
Collaborators   -        All of the partners and supporters of the institute, such as The Chamber of Commerce and Industry, societies and associations of engineers and business owners, apex advisory councils and committees, other educational institutions and particular Government and funding agencies.

Chapter II CORPORATE STRATEGY

Our principles: We recognize that we must integrate our business values and operations to meet the expectations of our stakeholders. They ...