One Albert Humphrey had developed this SWOT Analysis business strategy planning model, around five decades back, and it’s quite progressive one at that. Otherwise a model that was developed so long back couldn’t have found equal importance and application at this age and time also. SWOT stands for strength, weakness, opportunity and threat. The model is so developed that it will serve equal purpose for both the organizations and the individual who wish to judge their performance and market position on the basis of their individual capacities.
SWOT analysis of yourself will help you in understanding your strengths and weaknesses and the judge whether you will be able to take complete advantage of the available resources in face of the threats which are the challenging situations and constraints (financial, time, space, resources).
This analysis will also help you in framing your long term and short term goals which will give your career a much needed direction and objective. Making a detailed and candid list of your positive traits and negative features will help you in attaining the goals as it will give you a clear picture about where exactly you stand. Accordingly you can chart a course to your dream career position and plan to capitalize on the strengths and opportunities while facing the threats. As for the weakness, what matters is your capacity to make the best of the available resources and turn your weaknesses into strengths.
You will also be able to understand the skills that you need learn in order to reach the desired position. This will also give you a better comprehension of your loopholes so that you can work on those and aim at achieving greater targets in the future. This will also help you to keep your possibilities in perspective and attain your goals accordingly.