TOWS Analysis or TOWS Matrix is used to
Develop New Business Plan
Expand or restructure Existing Business
Portifolio Management
Strengths: characteristics of the business, or project team that give it an advantage over others
Weaknesses (or Limitations): are characteristics that place the team at a disadvantage relative to others
Opportunities: external chances to improve performance (e.g. make greater profits) in the environment
Threats: external elements in the environment that could cause trouble for the business or project
SO
“Maxi-Maxi” Strategy
Strategies that use strengths to maximise opportunities.
ST
“Maxi-Mini” Strategy
Strategies that use strengths to minimise threats.
WO
“Mini-Maxi” Strategy
Strategies that minimise weaknesses by taking advantage of opportunities.
WT
“Mini-Mini” Strategy
Strategies that minimise weaknesses and avoid threats.