SWOT and PESTLE are strategy frameworks used to analyze a company’s financial health and competitive advantages or disadvantages. These strategy tools were created to analyze internal and external forces affecting a company or industry. Examining a company's internal capabilities (SWOT) and external environment (PESTLE), helps to create strategies that can proactively contend with organizational challenges. In this guide, you can find an overview of each tool, as well as information on how to find these items within the library collection.
SWOT stands for Strengths, Weaknesses, Opportunities, and Threats. A SWOT analysis is a tool that you use to analyze these aspects of a company. A SWOT is often represented as a grid with four quadrants.
You can learn more about the SWOT analysis here:
Many of our databases carry SWOT analyses on publicly traded companies. Learn how to find a SWOT analysis in each of the below databases:
Articles from 1,400+ business, law, and I.T. journals plus 27,000+ videos from industry leaders
Company financials, industry reports, investment analysis, and competitive benchmarking data
Some companies will not have SWOTs in the library databases. Generally, only large, publicly traded companies are covered. If you cannot find a ready-made SWOT for your company, you can use a combination of resources and information about your company, competitors, and industry to conduct your own SWOT analysis. Try to identify peer companies with the same or similar products and services or who are operating in the same market. Read critically to infer the situation and setting of your company.
For more information about researching a company, please see:
For more information on researching an industry, please see:
While you can run a general internet search for a company SWOT, free web-sourced SWOTs can often be dated and unreliable. Pay close attention to the date and who is behind the information. Of course, you can use the open web to research your company in order to create your own SWOT, just be sure to use current company information or news. If you have any questions about the reliability of information you find online, please ask a librarian.
No.
As noted above, free web-sourced SWOTs can often be dated and unreliable. AI chat bots, like Chat GPT, can only generate answers based on the data it has been trained on, which includes inaccurate or dated information like that found in low-quality, online SWOTs. ChatGPT does not have the ability to fact-check or verify the accuracy of the information it generates. As such, it often generates false or dated information. It also regularly makes up citations or references that do no exist. ChatGPT is just replicating patterns, so it may not be able to understand complex topics, questions that require critical thinking, or the process of attribution.
If you would like to utilize AI to help you with your SWOT analysis, consider having it generate a format or template you can replicate and fill it with your own research and analysis. You can also use it brainstorm different categories to consider researching for your SWOT. Here are some example prompts:
In general, AI is great for brainstorming ideas or providing boiler plate information that you can use as a jumping off point. It is NOT good and mimicking scholarly output, critical thinking, or analysis. When using AI, approach it as a means to enhance your understanding or learning, NOT replace it.
Remember: As with all academic work, the ideas and contributions of others (including generative AI tools) must be acknowledged and provided with proper attribution. Work that is presented as original must be, in fact, original by the learner. The use of generative AI tools, such as Bard or ChatGPT, when completing coursework without proper attribution is a form of academic dishonesty and violates the university’s Academic Integrity policy. To learn more about how to cite AI, please see:
Like SWOT, PESTLE is an acronym—it stands for Political, Economic, Socio-Cultural, Technical, Legal, and Environmental. Unlike SWOT, which is tied to analyzing a specific company’s internal capabilities, PESTLE is designed examine a company’s external environment. Sometimes referred to as “scanning the business environment,” a PESTLE is meant to be a macro or “big picture” look at the market in which your business operates.
Depending on the context of your course, the reason for assessing these external forces may vary. Refer to your assignment instructions for further information about how and why you may be performing a PESTLE analysis. For more about the specific components of a PESTLE, please see the following articles:
Depending on the context of your assignment, you are almost always going to be working within a particular area (aka. market or environment) when creating a PESTLE. Using resources found in our "Research a Country" guide can help you identify some of PESTLE components for your specific market. You will occasionally find a readymade PESTLE within these reports. However, most of the time, you will have to pull the component parts of a PESTLE analysis from multiple data sources and compile them yourself.
If you want to analyze a smaller market/environment in the US, like a city or state, we recommend checking out Data USA, Statista, and local government websites for information on your area.
US demographic and economic information (formerly American FactFinder)
Quantitative data on business, finance, politics, and media.
You will occasionally find a ready-made PESTLE within the databases or online. However, most online PESTLEs are conducted by other students or within a context that does not apply to your current environment. Ultimately, online PESTLEs will not have been written within the same context in which you are conducting your own assessment. It is your job as strategists to pull the component parts of a PESTLE analysis from multiple data sources and compile them yourself.
No.
AI chat bots, like Chat GPT, can only generate answers based on the data it has been trained on, which includes inaccurate or dated information like that found in low-quality, online PESTLEs. ChatGPT does not have the ability to fact-check or verify the accuracy of the information it generates. As such, it often generates false or dated information. It also regularly makes up citations or references that do no exist. ChatGPT is just replicating patterns, so it may not be able to understand complex topics, questions that require critical thinking, or the process of attribution. The context in which you are conducting your PESTLE is important, and AI will not be able to understand that context or the content of your previous assessment work to date.
If you would like to utilize AI to help you with your PESTLE analysis, consider having it generate a format or template you can replicate and fill it with your own research and analysis. You can also use it to brainstorm different categories to consider researching for your PESTLE. Here are some example prompts:
AI is great tool for brainstorming ideas or providing boiler plate information that you can use as a jumping off point to conduct your own research. Do NOT use AI to generate research for you but, instead, use it as a way to generate ideas that can kick start the research process.
Remember: AI is NOT good and mimicking scholarly output, critical thinking, or analysis. When using AI, approach it as a means to enhance your understanding or learning, not replace it. As with all academic work, the ideas and contributions of others (including generative AI tools) must be acknowledged and provided with proper attribution. Work that is presented as original must be, in fact, original by the learner. The use of generative AI tools, such as Bard or ChatGPT, when completing coursework without proper attribution is a form of academic dishonesty and violates the university’s Academic Integrity policy. To learn more about how to cite AI, please see:
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