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Importance-Performance Analysis based SWOT analysis

TLDR
This study offers an approach to diminish both shortcomings by applying Importance-Performance Analysis (IPA) to identify SWOT based on customer satisfaction surveys which produces prioritized SWOT corresponding to the customers’ perception.
About
This article is published in International Journal of Information Management.The article was published on 2016-04-13 and is currently open access. It has received 246 citations till now. The article focuses on the topics: SWOT analysis & Context analysis.

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Citations
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A state-of-the-art techno-economic review of distributed and embedded energy storage for energy systems

TL;DR: In this paper, a global state-of-the-art review of the techno-economic and regulatory status of energy storage and power quality services at the distribution level is presented.
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Examining the impact of Cloud ERP on sustainable performance: A dynamic capability view

TL;DR: This study investigates the hidden linkage between one of the significant pillars of Industry 4.0 (CERP) and attributes of sustainable organizational performance while considering the effect of variables like firm size, cloud service type, and offerings that enact as control variables while achieving sustainable performance.
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Nuclear energy for sustainable development: SWOT analysis on Ghana’s nuclear agenda

TL;DR: In this paper, the authors used the SWOT analysis tool to assess the internal strengths and weaknesses as well as the external opportunities and threats in the country relative to its nuclear power program and found out that despite the country's effort towards meeting the requirements for the licensing, contracting, construction and operation of the facility, there are still some important loopholes which could delay the process.
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A big data approach to map the service quality of short-stay accommodation sharing

TL;DR: “Price reasonability” was the most important service attribute of Airbnb for guests, whereas “Check-in flexibility’ was the best performed one, and the SQ of Airbnb was mapped by conducting an IPA for the first time in the literature.
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A hybrid MCDM approach for performance evaluation in the banking industry

TL;DR: The results showed that the return on investment, debt ratio and lower energy consumption criteria are the most important, and enhancement of brand value, increasing customer loyalty and environmental care criteria have the lowest percentage of importance.
References
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Journal ArticleDOI

Importance-Performance Analysis

TL;DR: An easily-applied technique for measuring attribute importance and performance can further the development of effective marketing programs.
Journal ArticleDOI

SWOT Analysis: It's Time for a Product Recall

Terry Hill, +1 more
- 01 Feb 1997 - 
TL;DR: In this paper, an in-depth review of the use of SWOT analysis by consuitants who included this as part of their approach to understand a business from a corporate perspective was presented.
Journal ArticleDOI

Utilizing the analytic hierarchy process (AHP) in SWOT analysis — a hybrid method and its application to a forest-certification case ☆

TL;DR: A new hybrid method for improving the usability of SWOT (Strengths, Weaknesses, Opportunities and Threats) analysis is examined, and the results indicated that certification could be a potential strategic alternative in a Finnish case study farm.

The Mid-Point on a Rating Scale: Is it Desirable?

Ron Garland
TL;DR: This paper examined the effect of having no neutral or mid-point on a Likert scale on survey results and found that social desirability bias, arising from respondents' desire to please the interviewer or appear helpful or not be seen to give what they perceive to be a socially unacceptable answer, can be minimised by eliminating the midpoint ('neither... nor', uncertain etc.) category from LikERT scales.
Journal ArticleDOI

The asymmetric relationship between attribute-level performance and overall customer satisfaction: a reconsideration of the importance–performance analysis

TL;DR: In this article, an empirical study on customer satisfaction with a supplier in the automotive industry was undertaken, using a regression analysis with dummy variables, the asymmetric relationship between attribute-level performance and overall satisfaction could be confirmed.
Frequently Asked Questions (15)
Q1. What contributions have the authors mentioned in the paper "Importance-performance analysis based swot analysis" ?

While most studies of SWOT analysis have only focused on solving these shortcomings separately, this study offers an approach to diminish both shortcomings by applying Importance-Performance Analysis ( IPA ) to identify SWOT based on customer satisfaction surveys which produces prioritized SWOT corresponding to the customers ’ perception. The application of the IPA based SWOT analysis was illustrated and evaluated through a case study of Higher Education Institutions in Thailand. The evaluation results showed that SWOT analysis of the case study accurately reflected the organisation s ’ situations thereby demonstrating the validity of this study. 

The key steps of the IPA based SWOT analysis are the IPA matrix construction in which a customer satisfaction survey is analyzed to calculate the attributes’ importance and the attributes’ performance, and SWOT factors identification based on the IPA matrix. 

The commonly used statistical methods for deriving importance measures are multiple regression analysis (MLR) (Matzler & Sauerwein, 2002; Pezeshki et al., 2009; Ho et al., 2012) and partial correlation (Matzler et al., 2003; Deng et al., 2008b). 

method for measuring an attributes’ performance is well-established by using direct rating from customers survey in which the customers are asked to rate the performance of the attribute ranging from “very dissatisfied” to “very satisfied” in a 5-point or 7-point Likert scale. 

The use of even point scale yields some advantages such as eliminating possible misinterpretation of midpoint and revealing the leaning direction of the respondents in the middle. 

The IPA-based SWOT analysis also makes the best use of data from customer satisfaction surveys that the organisation generally collects. 

a survey about analytical methods used by enterprise in South African for environmental scanning also shows that SWOT analysis is the most frequently used analytic tool with 87% of respondents followed by competitor analysis with 85% of respondents (du Toit, 2016). 

This study proposes an IPA-based SWOT analysis that adopts the Importance-Performance Analysis, a technique for measuring customers’ satisfaction from customer satisfaction surveys, to systematically generate SWOT factors. 

The main advantage of SWOT analysis is its simplicity have resulted in its continued use in both leading companies and academic communities (Ghazinoory et al., 2011) since it was developed in the 1960s. 

a survey that is suitable for applying IPA consists of an assessment of respondents’ satisfaction for an organisation’s product or service which is measured by a Likert scale with either five or seven levels (Lai & Hitchcock, 2015). 

Regarding the survey conducted by the Competitive Intelligent Foundation (Fehringer et al., 2006) which received responses from 520 competitive intelligent (CI) professionals, SWOTis the second-most frequently used analytic tool with 82.6% of respondents. 

The Cronbach’s alpha of all groups was greater than 0.7 thus it can be concluded that the questionnaire has good internal consistency. 

Withregard to the IPA matrix produced in Step 2, an organisation’s attributes located in Quadrant 1 and Quadrant 2 are identified as strengths as they are having high performance. 

To confirm that staff were mostly agreed with these three aspects of SWOT, the one-sample t-test was further conducted with the threshold of 3.0 which mean agree. 

MLR is chosen to analyse the survey data and compute attribute’ importance as MLR is the best implicitly derived importance method with regard to an empirical comparison2 conducted by the authors. 

Trending Questions (2)
How can the limitations of SWOT analysis be overcome?

The limitations of SWOT analysis can be overcome by applying Importance-Performance Analysis (IPA) to identify SWOT based on customer satisfaction surveys, which produces prioritized SWOT corresponding to the customers' perception.

How can a SWOT analysis be used to develop a strategic plan for Airline in Africa?

The paper suggests using Importance-Performance Analysis (IPA) to identify SWOT factors based on customer satisfaction surveys, which can help develop a strategic plan for an airline in Africa.