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SWOT Analysis

This SWOT analysis examines a financial literacy initiative. Strengths include beneficial stakeholder relationships, professional leadership, and clear goals. Weaknesses are limited local knowledge and overreliance on memorization. Opportunities exist to expand partnerships and increase outreach. Threats include lack of support, competition, and constraints on resources.

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Cherry Mae Dela Peña
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543 views2 pages

SWOT Analysis

This SWOT analysis examines a financial literacy initiative. Strengths include beneficial stakeholder relationships, professional leadership, and clear goals. Weaknesses are limited local knowledge and overreliance on memorization. Opportunities exist to expand partnerships and increase outreach. Threats include lack of support, competition, and constraints on resources.

Uploaded by

Cherry Mae Dela Peña
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
  • SWOT Analysis

SWOT Analysis

STRENGTH WEAKNESSES

 Having a beneficial relationship  Limited knowledge of the area


between the stakeholders and  The initiative relies heavily on rote
government authorities. memorization and memorizing
facts and figures.
 Professional leaders and elevated
members.  While this is certainly a part of
financial literacy, it does not
 This initiative has a strong team of
promote critical thinking or
supporters, including financial
analysis.
experts and educators.
 The materials used in the initiative
 It is focused on teaching about often need to be more engaging
financial literacy and responsible and engaging.
money management.  The evaluation methods are not
 The initiative has a clear goal and particularly effective in gauging
plan for achieving it. whether students have learned
 It also has the support of financial anything from the initiative. Simply
institutions and other testing students on their
organizations. Similar initiatives knowledge of financial terms does
have already had some success, not show whether they can apply
with thousands of students that knowledge in real-world
participating in its first year. situations.
OPPORTUNITIES THREATS
 create opportunities to open small  security concerns
businesses  emerging competitors
 desire of the residents to use their  The initiative may not garner
money wisely. enough support from schools and
 Expand the reach by partnering teachers.
with more organizations or  The initiative's content may be too
institutions or increasing its complex for some students,
publicity and marketing efforts. leading to low engagement and
 Teaching young people about comprehension rates.
financial literacy and responsible  The initiative may face competition
money management can help from other education initiatives or
them make sound decisions with programs that cover similar topics.
their money throughout their lives. Budgetary constraints could limit
(This can improve financial stability the resources available to the
and security for individuals, initiative, hindering its ability to
families, and communities.) achieve its objectives.
 Potential to empower young  There could be pushback from
people to take control of their businesses or institutions who
finances and make positive don't want to support something
changes in their lives and the that could harm their bottom line.
world around them.
 To offer more resources and
materials on financial literacy so
people can learn differently.

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