@@iiba Im curious would it be okay to place the low competition as an opportunity rather than strength? Or is it in strength because you are already inside the “competition”?
A SWOT analysis might not be helpful for a simple or small project. It's a techinque used to look at the bigger picture of a product, business, industry, etc. As with all business analysis techniques, you need to choose the right "tool" for the job. Does that answer your question?
I missed the live of this, obviously a year later, but the comment on hackers. You had said probably not for the car but definitely for the electric grids. So if the car relies on being plugged in and you don’t have solar power at your home, the grids can be hacked and force entire parts of the country to be w/o electricity for days or months even. So, I think hackers could still be an external threat. Unless I misunderstood the understanding of threats with regard to EVs.
It would be nice if all 50 techniques in the BABOK are periodically bring to fore like this. Nice one.
Glad you liked it. Thank you for the feedback!
Nice work. Does it mean oppurtinity and threats in SWOT analysis only apply to external factors and not internal?
Yes, that's correct! You got it!
@@iiba Im curious would it be okay to place the low competition as an opportunity rather than strength? Or is it in strength because you are already inside the “competition”?
How to apply in simple and small projects
A SWOT analysis might not be helpful for a simple or small project. It's a techinque used to look at the bigger picture of a product, business, industry, etc. As with all business analysis techniques, you need to choose the right "tool" for the job. Does that answer your question?
I missed the live of this, obviously a year later, but the comment on hackers. You had said probably not for the car but definitely for the electric grids. So if the car relies on being plugged in and you don’t have solar power at your home, the grids can be hacked and force entire parts of the country to be w/o electricity for days or months even. So, I think hackers could still be an external threat. Unless I misunderstood the understanding of threats with regard to EVs.
S: They are silent
W: High cost of acquisition
O: Low cost of acquisition
T: Competition and strict regulations