BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -Analyzing the internal environment enables a firm to determine what it can do by identifying resources, capabilities, and core competencies in the internal organization.

Detailed explanation-2: -An internal analysis highlights three factors: an organization’s competency, resources, and competitive advantage.

Detailed explanation-3: -Analysis of internal environment helps in identifying strengths and weaknesses of an organization. As business becomes more competitive, and there are rapid changes in the external environment, information from external environment adds crucial elements to the effectiveness of long-term plans.

Detailed explanation-4: -Evaluating the internal environment, company’s assets, and capabilities highlights organizational weaknesses and strengths. Combining both findings gives you a broader perspective and a holistic picture of your organization’s situation.

Detailed explanation-5: -There are five main components of an Internal Analysis, including resources, capabilities, core competencies, competitive advantage, and strategic competitiveness.