ENTREPRENEURSHIP

Detailed explanation-1: -SWOT analysis (or SWOT matrix) is a tool used to help businesses and individuals recognize their strengths, weaknesses, opportunities, and threats in a specific industry.

Detailed explanation-2: -An industry analysis consists of three major elements: the underlying forces at work in the industry; the overall attractiveness of the industry; and the critical factors that determine a company’s success within the industry.

Detailed explanation-3: -A strength is a resource or capacity the organisation can use effectively to achieve its objectives. A weakness is a limitation, fault, or defect in the organisation that will keep it from achieving its objectives. An opportunity is any favourable situation in the organisation’s environment.