School of Technology, Innovation and Research (TIR)

  SWOT Analysis What is SWOT Analysis? It is an acronym for Strengths, Weaknesss, Opportunities and Threats. SWOT is divided majorly into two parts. One is Internal (Strengths and Weakness) and another is External (Opportunities and Threats) shown in the folowing figure. SWOT is a planning tool used to understand the  Strengths, Weaknesses, Opportunities and  Threatens in any project or any business. For the first time, this  SWOT framework  is credited to Albert Humphrey who led a research project at Stanford University ( Stanford Research Institute ) in the 1960s and 1970s. Figure Source: file:///C:/Users/88017/Documents/SWOT%20images.png Aim of SWOT Analysis Experience learned Know issues that caused the failure  What to do present Continuity of linear decision Where you are vulnerable Where you are success Discover recommendations and strategies when it is needed. Before any sort of new company action Remember that opportunities and threats are found using the following methods in

Book Review-  Name of the book- 8 Steps to Innovation: Going from Jugaad to Excellence  Writers of the book-  Vinay Dabholkar and Rishikesha Krishnan 2013 Harper Collins India Reviewed by- Engr. Md. Abdur Rashid, PhD Fellow Director (Admin & Finance),  NAPD Email: rashid.eee.cse@gmail.com URL- www.rashid-bd.info Summary of the book review : This book has 9 chapters in 3 parts. There are a total of 306 pages. Three parts are- I.           Build an Idea Pipeline II.           Improve Idea Velocity III.           Increase the Batting Average 8 chapters represent 8 steps of innovation and the last chapter is the conclusion. These 8 steps are summarized  in the following table. Table 1: Three Phases and Eight Steps to Systematic Innovation Step No Steps Activities Examples Success Factors   Part 1: Build an Idea Pipeline 1  Lay the Foundation Create an innovation prog