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How to use SWOT/TOWS analysis for prioritization [Matrix]

By Dave Chaffey 15 Feb, 2024

Our guide to creating a SWOT matrix analysis to prioritize digital marketing strategy with the TOWS technique

A SWOT analysis is an essential part of any business or marketing plan. It allows you to create a plan of action based not on what you’re interested in doing or on your gut-feel, but what you need to do given the situation in the marketplace. It considers your capabilities for marketing against competitors plus looks at opportunities created as new technologies are introduced.

What is a SWOT?

As you’ll know it’s a planning tool summarising the internal Strengths and Weaknesses against external Opportunities and Threats. These external opportunities and threats are available to all competitors in the marketplace. Our technique recommends a 2 X 2 matrix for SWOT and TOWS analysis, you'll find examples below.

Why is SWOT analysis useful?

When creating a digital marketing plan, SWOT analysis is an essential step. I think it’s sometimes seen as…

How to Restart Your 2020 Marketing Strategy on the Right Foot

By Expert commentator 01 Apr, 2020

Audit Content audits SEO

We often associate the word “audit” with tax season – it’s not really a subject we enjoy thinking about. But in reality, there are so many audits that marketers can benefit from

This is especially important for your marketing strategy, to ensure you are actually delivering your marketing objectives and allocating budgets wisely.

Unfortunately, the majority of marketing teams are not closely tracking the results of their efforts. A survey from LinkedIn found that just 39% of B2B marketers were confident that their ROI measurements were accurate!

By conducting marketing strategy audits, your team can effectively assess their efforts, find current weak spots, and discover solutions for better results in the upcoming year.

But which types of audits are necessary to properly evaluate your strategy and improve it for the future?

Let’s discuss.