SWOT Analysis Essay Example | Topics and Well Written Essays - 500 words - 3

SWOT compendium - Essay ExampleThe strengths and weaknesses define the internal environment while the opportunities and threats represent the external environment to a business (Ferrell & Hartline, 2011).Managers should analyze all their internal positive characteristics of their organisation with an aim of exploiting them. These attributes represent the strengths of such an organization and the analysis helps in indentifying the extent to which these factors can be utilized. The strengths allow the resources at the firms governing body that ensure all the business practices run smoothly (Ferrell & Hartline, 2011). In addition, the positive characteristics argon considered as strengths from their efficiency to sustain the organizations competitive advantage and the positive aspects of the human resource. The managers should focus on these attributes in order to add value to the business operations. These organizations strengths are within the managements control.The weaknesses r epresent the factors that work toward minimizing the capacity to add value through an organizations operations. Consequently, these factors reduce the evaluate value of an organizations operations and leads to a decrease in their competitive advantage in the markets. Such weaknesses include inability to utilize the existing resources maximally, poor quality services and poor positioning in the market. These factors are overly within the managements control (Ferrell & Hartline, 2011).Opportunities are aspects of the external environment to an organization. They symbolize the incentives for the foundation and the possible progress of business operations in the market. These incentives present an opening to advance business practices and meliorate the current benefits. They also offer a chance for growth and development of activities that add value to the organizations and its stakeholders (Ferrell & Hartline, 2011). These opportunities also lead to