Part 1: SWOT Analysis

Study Notes

SWOT stands for Strengths, Weaknesses, Opportunities, and Threats
Strengths refer to internal factors that benefit an organization
Weaknesses refer to internal factors that harm an organization
Opportunities refer to external factors that benefit an organization
Threats refer to external factors that harm an organization
Examples of strengths include strong brand recognition and a skilled workforce
Examples of weaknesses include limited access to resources and a lack of skilled workforce
Examples of opportunities include emerging markets and new technologies
Examples of threats include emerging market competition and negative media coverage

SMART stands for Specific, Measurable, Achievable, Relevant, and Timely
Specific refers to clear and well-defined goals
Measurable refers to goals that can be tracked and quantified
Achievable refers to realistic and attainable goals
Relevant refers to goals that align with organizational objectives
Timely refers to goals with specific deadlines
Examples of SMART goals include "I will increase my math grade from a B to an A- by the end of the semester"
Measurable goals are important because they allow for progress tracking and success determination

A community service club's SWOT analysis might include:
- Strengths: strong leadership, dedicated members, and a good reputation in the community
- Weaknesses: limited funding, inadequate resources, and poor communication among members
- Opportunities: partnering with local organizations, expanding services to new areas, and increasing fundraising efforts
- Threats: negative publicity, decreased volunteer engagement, and increased competition from other organizations

A SMART goal for improving history grades might be: "I will increase my history grade from a C to a B by the end of the semester by attending tutoring sessions twice a week and completing all assigned readings."