Skip to main

Why the SWOT Analysis Still Matters in Marketing

Authors: Scott Monty Scott Monty
Posted Under: Digital Marketing
Listen to this Article

Why the SWOT Analysis Still Matters in Marketing

When you’re developing a strategy–whether it’s a business strategy, digital marketing strategy, or communications strategy–the tried and true SWOT analysis is still a valuable tool. Developments with Uber this week got us to thinking about the importance of two of the areas that can leave a company the most vulnerable: Weaknesses and Threats.

Defining your own weaknesses is a humbling process, for individuals as well as for businesses. The process can leave you feeling vulnerable and exposed. That’s good, actually. It means you’ve identified an area that you need to work on. In Uber’s case, one of its weaknesses is its take-no-prisoners culture. Some have called this “ask for forgiveness rather than permission.” While it has worked remarkably well in the U.S. market, other markets such as France and China have shown more resistance.

In China, for example, the government is extremely involved in businesses and can lock out competitors that it doesn’t want to see in action. Facebook is a great example of that. Powerhouse Tencent has its own ride-hailing capability inside of WeChat and it has effectively blocked Uber. In France, the government filed a legal complaint against Uber and even arrested two of its executives because of what it deemed a “cynical” and “arrogant” attitude from the company.

Predicting threats can be a little more uncertain, as it not only requires a good sense of one’s own weakness, but of the strengths of the competition. This is where it helps not to be arrogant. In France, hometown hero and Uber competitor BlaBlaCar just raised $200 million on a $1.6 billion valuation in its quest to win the hearts and minds of the ride-hailing crowd. When added to the prevailing feelings of the French government against Uber, it seems as if BlaBlaCar has a distinct advantage.

Similarly, Tenent’s own Didi Kauidi and Lyft have announced an international agreement to allow users of each app to catch rides with drivers from the other apps when in their respective countries. When you’re hated enough, you never know who’s going to collaborate to attempt to defeat you.

Have you considered every angle of how you plan your strategy? Are their gaping holes that your competition can take advantage of? Concentrating on the more difficult and negative aspects of SWOT analysis can help you see these before your competition does.

 If you like what you read and would like to receive an expertly curated set of links, commentary and analysis each Monday, please subscribe to The Week in Digital.

Get our best tips in your inbox! Join the smartest marketers who receive our ON newsletter.

Want more great content like this?

A twice-monthly dose of the trends and insights you need to keep you ON top, from each of our team members at Convince & Convert. In each email, our team will recap what happened in digital, what trends are important for marketers to watch, plus some fun surprises that you’ll just have to sign up to see!

Subscribe to our Newsletter

Or are you looking to subscribe to one of our podcasts

b2b influencer

Ready to Get Started?