Why Do Musicians Need A SWOTT Analysis?

SWOTT analysis provides a comprehensive understanding of both internal and external factors that can impact the performance of a person or an organization. With the data and insights obtained through the analysis, we can make a strategy that align our offers with the demands, leverage on the advantages and respond to changes and challenges effectively to maximize success.

A SWOTT Analysis can help musicians to understand their Strentghs and Weaknesses, the Opportunities and Threats around them, and the Trends that might impact their current work and future on a more macro scale.

Strength	Internal advantage or asset that gives an organization a competitive edge
Weakness	Internal limitation or drawback that hinders an organization’s performance or competitiveness
Opportunity	External favorable factors or conditions that can be capitalized on to enhance an organization’s growth or success
Threat	External factor or challenge that poses a risk to an organization’s performance or viability
Trend	Emerging pattern or direction indicating a shift in the market or other factor that can impact an organization’s strategies and operation