A lot of people have checked out my article on SWOT Analysis: Strengths Weaknesses Opportunities Threats (amazingly, an estimated 300,000 people Google “SWOT Analysis” each month, according to Google’s own Keyword Tool).
If you want a variation on an exercise for strengths, opportunities, etc., there’s another simpler one called D.O.S.
DOS stands for Dangers, Opportunities and Strengths.
It’s very simple to learn DOS. Here are the steps:
1) Pick a new goal or thing that you’re considering taking on.
2) List out the dangers of taking on such a project.
3) List out the opportunities of taking on such a project.
4) List out the strengths of taking on such a project.
I’ve been using DOS for a few years and I’ve learned it’s important you go in the order of danger, opportunity, strength because psychologically it’s best to end on a positive — this is one advantage the DOS model has over the SWOT model (in SWOT analysis you START positive with strengths and END on a negative with threats).
Here’s a DOS example on a new challenge a friend of mine’s business is having with fundraising (she needs to raise some money to fund her new startup).
Dangers (of raising money)
Opportunities (e.g. what the opportunities for her to take advantage of to raise money)
That’s the DOS exercise.