SWOT<br />Strengths, Weaknesses, Opportunities, and Threats<br />
What is SWOT<br />SWOT is an acronym for strengths, weaknesses, opportunities, and threats.<br />Strengths of a person/business/country can give rise to opportunities. Example, a person is good at numbers will have opportunities in Accounting, Banking, etc.<br />Weaknesses of a person/business/country can give rise to threats. A person can address or avoid his/her weaknesses. For example, a person who is weak in numbers can improve his/her ability with numbers for a career in Accounting or simply avoid this career (don’t try to improve)<br />
Quiz<br />Why should person/businesses/countries be aware of their strengths and weaknesses?<br />Peter Drucker said, “Its better to be excellent at what you are good at, than mediocre at what you are average/poor at”. What do you think he means?<br />
Personal SWOT Analysis<br />What types of careers can you become excellent at? What strengths would they involve?<br />What types of careers would threaten you? That is, you would be mediocre at. What weaknesses would they involve?<br />To practice problem-solving skills: Identify a “fresh approach” to addressing you major weakness.<br />
Country SWOT Analysis<br />Do a SWOT analysis of the U.A.E.’s economy.<br />To practice problem-solving skills, identify a fresh approach to a threat to U.A.E.’s economy.<br />
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