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Two tools for navigating crisis and dramatic change
Executive overview
When a major disruption hits — economic crash, pandemic, or business-specific crisis — most teams react without a framework. Triage buys breathing room; the SWT analysis turns that space into strategy.
First, cut costs and preserve cash to stabilise. Then use SWT — a trends-first evolution of SWOT — to find the pivots that lead to thriving, not just surviving.
Survival is the floor; the right framework turns crisis into competitive advantage.
Step 1: triage to buy breathing room
- Cut costs aggressively and shed non-core lines of business
- Preserve cash and protect the core
- Goal is room to think, not a permanent state
Step 2: SWT analysis
- SWT (Strengths, Weaknesses, Trends) is a strategic evolution of SWOT
- Identify the top 5–6 core strengths and weaknesses — the ones that don't change
- Then map trends exhaustively: start in your industry, then expand to culture, technology, society
- "Skate to where the puck is going" — surface what's developing, not what exists
- Connect trends to weaknesses for defensive strategies
- Connect trends to strengths for opportunistic ones
- Insights from this process reveal differentiation, novel practices, and pivot options
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