BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -SWOT (strengths, weaknesses, opportunities, and threats) analysis is a method for identifying and analyzing internal strengths and weaknesses and external opportunities and threats that shape current and future operations and help develop strategic goals. SWOT analyses are not limited to companies.

Detailed explanation-2: -Strengths and weaknesses are internal to your company-things that you have some control over and can change. Examples include who is on your team, your patents and intellectual property, and your location. Opportunities and threats are external-things that are going on outside your company, in the larger market.

Detailed explanation-3: -A SWOT analysis helps you assess internal factors that might affect your business (strengths and weaknesses) and external factors (opportunities and threats).

Detailed explanation-4: -The internal factors are strengths and weaknesses; the external factors are opportunities and threats. A SWOT analysis gives an organization a clear picture of the “situation” in which it operates and helps it identify which strategies to pursue.

Detailed explanation-5: -An example of internal strengths could be an organization’s solid financial base, a well-educated workforce, or high-tech equipment. All of these are great examples of organizational strengths. Upper management should always be forward-thinking and set goals that exploit the organization’s strengths.