ECONOMICS

Detailed explanation-1: -There are five main components of an Internal Analysis, including resources, capabilities, core competencies, competitive advantage, and strategic competitiveness.

Detailed explanation-2: -The Internal Analysis of strengths and weaknesses focuses on internal factors that give an organization certain advantages and disadvantages in meeting the needs of its target market. Strengths refer to core competencies that give the firm an advantage in meeting the needs of its target markets.

Detailed explanation-3: -An internal analysis is the thorough examination of a company’s internal components, both tangible and intangible, such as resources, assets and processes. An internal analysis helps the company decision-makers accurately identify areas for growth or revision to form a practical business strategy or business plan.

Detailed explanation-4: -What is Internal Analysis? An internal analysis is a process where all the components that interact within an organization are evaluated in order to identify failures and areas of opportunity. The main objective of this type of analysis is to find out the strengths and weaknesses of your organization.