Heard Of SWOT? How About SOAR?

One tool for strategy development is using SWOT, or assessment of Strengths, Weaknesses, Opportunities, and Threats. I like SWOT as a high-level situational analysis for teams. It is particularly useful to create growth strategies from Strength and Opportunity analyses; likewise outline performance improvement strategies through Weakness and Threat analyses. We expanded on SWOT benefits and drawbacks for strategy development in our April 2023 OPEN MINDS Management Newsletter, Using SWOT To Inform Strategy. Following its publication, OPEN MINDS member, Debbie Reed, Ph.D., President and Chief Executive Officer at Chaddock, sent us information about a different strategy facilitation model, called . . .