2. What is SWOT SWOT is an acronym for strengths, weaknesses, opportunities, and threats. Strengths of a person/business/country can give rise to opportunities. Example, a person is good at numbers will have opportunities in Accounting, Banking, etc. Weaknesses of a person/business/country can give rise to threats. A person can address or avoid his/her weaknesses. For example, a person who is weak in numbers can improve his/her ability with numbers for a career in Accounting or simply avoid this career (don’t try to improve)
3. Quiz Why should person/businesses/countries be aware of their strengths and weaknesses? Peter Drucker said, “Its better to be excellent at what you are good at, than mediocre at what you are average/poor at”. What do you think he means?
4. Personal SWOT Analysis What types of careers can you become excellent at? What strengths would they involve? What types of careers would threaten you? That is, you would be mediocre at. What weaknesses would they involve? To practice problem-solving skills: Identify a “fresh approach” to addressing you major weakness.
5. Country SWOT Analysis Do a SWOT analysis of the U.A.E.’s economy. To practice problem-solving skills, identify a fresh approach to a threat to U.A.E.’s economy.