SWOT analysis is a powerful tool to assess a business, project, or even yourself. It stands for Strengths, Weaknesses, Opportunities, and Threats. By systematically examining these four elements, you gain valuable insights into your current situation and can develop strategic plans for future success.
Strengths
- What sets us apart from competitors?
- What do others perceive as our strengths?
- Where do we excel in our industry?
Weaknesses
- What areas need improvement?
- What internal factors limit success?
- Are there skill gaps in our team?
Opportunities
- What trends can we capitalize on?
- Are there unmet customer needs?
- Can we leverage partnerships?
Threats
- What external factors may harm us?
- Are competitors posing new challenges?
- Are there regulatory or market risks?
Types of Negotiation Outcomes
Understanding different negotiation outcomes helps you navigate toward more effective and beneficial agreements.
COMPETE
I win / You lose
COLLABORATE
I win / You win
AVOID
I lose / You lose
ACCOMMODATE
I lose / You win
COMPROMISE
I win some / You win someReference: https://www.grosvenor.com.au/3-steps-to-negotiate-win-win-outcomes-for-your-procurement-contract/
Negotiation Outcome Types – Five Primary Types
| Outcome | Description | Example | Impact |
|---|---|---|---|
| Win–lose (Competitive) | One party prioritizes maximizing their gain at the other party’s expense. | A company pressures a supplier for the lowest price, disregarding the supplier’s margin. | Short-term gain; can damage long-term relationships and cooperation. |
| Win–win (Collaborative) | Both parties strive for a mutually beneficial agreement where everyone feels satisfied. | Two companies collaborate on a marketing campaign and share costs and benefits. | Sustainable agreements; fosters trust and long-term partnerships. |
| Lose–lose (Compromise/Poor) | Neither party achieves their desired outcome due to concessions or lack of skills. | Two businesses settle on a partnership neither finds truly satisfactory. | Suboptimal results that miss both sides’ real needs. |
| I Lose, You Win (Accommodate) | One party prioritizes the other party’s needs over their own. | A software company discounts heavily for a non-profit, sacrificing margin. | Builds goodwill but can be exploited if overused. |
| I Win Some, You Win Some (Balanced) | Both parties concede and gain benefits, aiming for fairness and mutual advantage. | A retailer accepts reduced prices from a supplier in exchange for longer contracts. | Durable agreements that hold up over time. |
Measurable:
Relevant:
S M A R T
Specific:
Achievable:
Time-bound:
How to Calculate Customer Lifetime Value (CLV)?
KPIs
Assuming an average purchase value of $70, purchase frequency of 5 times a year, and an average retention time of 3 years, CLV = $70 × 5 × 3 = $1,050 This reflects the total expected revenue from a customer over their relationship with your company.
Why is CLV Important?
- Strategic Decision-making: Knowing the CLV allows businesses to allocate resources efficiently and make informed decisions about marketing and customer retention strategies.
David Lee
- Age: 35–55
- Location: Major metropolitan cities
- Income: High net-worth individuals
- Education: College degree or higher, possibly advanced degrees
- Early adopter of new technologies and gadgets
- Appreciates high-quality materials, craftsmanship, and design
- Values brands known for exclusivity and innovation
- Seeks technology that enhances lifestyle and social status
- Reads tech blogs and attends industry events to stay informed
- Participates in forums discussing high-end tech products
- Frequently shops online and in high-end retail stores
- Attends product launches and exclusive brand experiences
- Owns the most advanced and innovative tech products available
- Enjoys seamless integration of technology into daily life
- Projects success and sophistication through tech choices
- Wants unique & exclusive items not readily available to everyone
- Hard to differentiate high-quality vs. gimmick tech
- Overwhelmed by constant new releases
- Concerns about durability & longevity of cutting-edge products
- Needs gear that integrates with an existing ecosystem
- Subscribes to tech publications & luxury-tech reviews
- Follows tech influencers/reviewers (Twitter, YouTube)
- Attends webinars & conferences hosted by tech companies
- Reads blogs/news about upcoming trends
The Pirate Metrics (AAARRR) Framework:
Navigate Your Course to Growth
AAARRR is a powerful tool for assessing and optimizing a business’s development and performance.
- Awareness: traffic, reach, brand mentions.
- Acquisition: signups, trials, first-purchase rate.
- Activation: first key action completed, time-to-value.
- Revenue: ARPU, conversion rate, CAC payback.
- Retention: churn, repeat usage, DAU/WAU/MAU.
- Referral: invites sent, referral signups, NPS.
The Pirate Metrics (AAARRR) Framework:
Navigate Your Course to Growth
AAARRR is a powerful tool for assessing and optimizing a business’s development and performance.