MANAGEMENT

Detailed explanation-1: -External factors include opportunities and threats that are outside of the organization. These are factors that the company may be able influence-or at least anticipate-but not fully control. Examples of external factors include the following: Technology innovations and changes.

Detailed explanation-2: -External factors include the environment your organization operates in, its market, ecosystem, and all of the third parties involved. The market includes all of your customers. The ecosystem includes the technological, social, economic, and political environment that you operate in.

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).