About Nesta

Nesta is a research and innovation foundation. We apply our deep expertise in applied methods to design, test and scale solutions to some of the biggest challenges of our time, working across the innovation lifecycle.

SWOT analysis

How can it help me?

SWOT (aka Strengths, Weakness, Opportunities, and Threats) is an analysis that can be done on a project, department, organisation or entire sector, no matter the size.

It is a way of better understanding what you’re doing well, what you need to address for success, and when and how external partners may help.

A SWOT analysis is especially useful at the beginning of a project. But it also gives you a good framework for reviewing where you stand as you progress, and for trying new ideas and solutions.

How do I use it?

Fill in the SWOT sheet, with your ideas of your strengths and weaknesses, and opportunities and threats (external or internal) in the relevant quarters.

Tips

  • Make sure you are prepared with accurate facts and figures before you start.
  • Include as many details as you can of what affects your work, whether small or great.
  • Be honest and critical, and avoid defensiveness. Recognising your weaknesses and threats can help you shed light on your opportunities.
  • Get other people’s opinions to compare their perspectives with yours.
  • Do it again. New factors and ideas will crop as your project progresses, so it is a good idea to incorporate the SWOT analysis into your work every quarter or twice a year.
  • Remember it’s a guide, not a rulebook!