(upbeat music) The study of your strengths, weaknesses, opportunities, and threats is commonly known as a SWOT analysis. In these lessons, we'll define the SWOT analysis in more detail. And you'll learn to create cohesive messaging through coherent model design. Finally, we'll discuss the importance of creating a content creation vision so that you can establish and maintain the integrity of your brand. Knowing the strengths, weaknesses, opportunities, and threats your brand may face will help your organization and its marketing communications team respond to constantly changing economic forces over time. You can begin your study by figuring out your organization and brand's most important strengths. Is your brand an industry leader? Is your product or service something that is revolutionary or so technologically advanced that it will change the current marketplace? Do you have a major advantage in how quickly you develop products and services? Do you have a supply chain that moves products and services to consumers faster and without error? Does your brand enjoy powerful relationships with collaborating suppliers or developers? Does your brand hold a monopoly on resources, materials, or elements that competitors do not possess? These are all examples of strengths that allow your brand to have a competitive advantage over those brands with which you compete. Know what core strength or competitive advantage you have over others, then use it to style a message that highlights those advantages you possess. The message should highlight important distinctions that allow you to rise above other competitors. It's critical to know your weaknesses. Your competitors, stakeholders, suppliers, regulators, and trade partners will look for them, so you might as well know them first. After all, weaknesses can be exploited or used to improve your approach to marketing. Knowing your weaknesses, whether it be marketing communication, high cost of goods and services, low inventory, costs of product development, inadequate resource availability, or poor management will allow you to be the first to know. Once known, the organization can begin working on or searching out help to fix these weaknesses and turn them into strengths. One of the many ways to find weaknesses is to ask your customers via market research or regular surveys. Academic textbooks are full of examples of organizations that learn their weaknesses and then overcame them to turn them into strengths. One example is a major retailer. Their headquarters is located in the southern United States where at the time, logistics systems were poor and not as vast as others around the country. Interstate road systems and railways were not well developed. And they lacked direct geographic access to major supply hubs. Rather than give up and farm the supply chain out to another company to build, this major retailer decided to not only resolve the weakness, but also develop it to a point they would become leaders in logistics. The retailer, through heavy investment and partnering with local and state government, helped transform and create a supply chain and distribution system which now is an example to all. They also spent millions on technology used to move products globally, and now their computer systems and technical logistics rival the size of some major government organizations. They turned a weakness into a strength and it helped raise the power of their brand immeasurably. Taking advantage of opportunities is something every organization or business should be searching for constantly. Opportunities exist everywhere. New generations are growing and desiring different products and services than their parents. Countries are changing political and economic standards all the time. The world is full of a continuous change. Your organization needs to be honed in to these changes. Joining trade organizations and keeping informed of updates and progress in your trade are vital. The internet and news organizations bring us information daily of changes around the world. You need a group of public relations and product development creatives watching for these opportunities. Salespeople are also good sources of news and information in the marketplace because they are competing and learning from customers what other competitors are offering. Knowledge management is a growing and vital field. Gathering information should be a full-time job. Use the knowledge found to build best practices and make members of the organization aware of new opportunities. Just as there are limitless opportunities, there also seem to be limitless threats. Threats are actions that may limit, deter, or even destroy your organization or business. Government and industry trade regulations can change and make business less profitable. These threats can slow your organization's ability to take advantage of opportunities. They also can handicap your organization and ruin its competitive advantage. Threats must be found as soon as possible. And preemptive actions must be planned to counter threats.