MANAGEMENT

Detailed explanation-1: -The two internal elements of SWOT analysis are strengths and weakness. The acronym SWOT stands for Strengths, Weaknesses, Opportunities and Threats.

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: -Strengths (S) and weaknesses (W) refer to internal factors, which are the resources and experience readily available to you. These are some common internal factors: Financial resources (funding, sources of income and investment opportunities) Physical resources (location, facilities and equipment)

Detailed explanation-4: -A SWOT analysis helps you assess internal factors that might affect your business (strengths and weaknesses) and external factors (opportunities and threats).

Detailed explanation-5: -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.