Marketing SWOT analysis and strategy prioritization workbook template
Practical mindtools for discussing and presenting your digital marketing strategy
How will this template help me and my business?
It’s highly likely you have heard of the SWOT analysis technique. It’s widely used to help review the effectiveness of business and marketing plans. A SWOT contrasts the internal strengths and weaknesses of business activities with external opportunities and threats that are available to anyone in the marketplace. It’s typically used to inform review potential strategic initiatives as part of a Situation Analysis stage during the strategic planning process.
However, you may not have heard of the TOWs matrix which is a powerful technique to turn a SWOT into a forward-looking analysis tool which can be used to generate strategic initiatives that can then be prioritized.
For us, it’s an essential ‘mindtool’ for reviewing strategic options for marketing or digital strategies which we recommend as a key part of our RACE marketing planning process. The technique works really well in a workshop setting to help a group rapidly review the past and gain focus on future strategic initiatives.
Who is the template for?
This template is designed for those involved with creating marketing and digital marketing strategies and plans who want to improve their strategy and planning process. These may include:
- Marketing directors and heads of marketing
- Digital marketing managers and marketing managers
- Small business owners
- Account managers in an agency working with clients to develop their strategy
How is this template structured and used?
This download includes seven alternative Word and PowerPoint templates that you can modify for your business and your clients. These include:
- TOWs analysis
- Key issues summary
- Strategic prioritization matrix alternatives
- Digital governance/transformation plan template
Individual members who have a monthly membership should note that the templates in this resource are taken from the Digital strategy workbook, so to reduce the use of credits they should download that. This set of templates has been created to help simplify strategy creation in response to member feedback.
Examples are useful to understand how to apply these templates, so we have created examples in different sectors.
Example plans including a TOWs analysis are available for the Financial services, Travel, and Pharma sectors in the Sector Innovation toolkit. Additional sector plan examples including a TOWs analysis are available in the Business-to-Business, E-commerce/Retail, and Startups and Small Business toolkits.
- Author: Dr Dave Chaffey
- Format: Downloadable Word and PowerPoint templates
About the authors
Dr Dave Chaffey
Dave is co-CEO and co-founder of Smart Insights. He is editor of the 100 templates, ebooks and courses in the digital marketing resource library created by our team of 25+ Digital Marketing experts. Our resources used by our premium members in more than 80 countries to Map, Plan and Manage their digital marketing.
For his full profile, or to connect on LinkedIn or other social networks, see the About Dave Chaffey profile page on Smart Insights. Dave is author of 5 bestselling books on digital marketing including Digital Marketing Excellence and Digital Marketing: Strategy, Implementation and Practice. In 2004 he was recognised by the Chartered Institute of Marketing as one of 50 marketing ‘gurus’ worldwide who have helped shape the future of marketing.