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

SWOT Analysis - 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 arranging 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 include the resources at the firms disposal that ensure all the business practices run smoothly (Ferrell & Hartline, 2011). In addition, the positive characteristics are considered as strengths from their force 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 represent the factor s 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 prize services and poor positioning in the market. These factors are also within the managements control (Ferrell & Hartline, 2011).Opportunities are aspects of the external environment to an organization. They symbolize the incentives for the conception and the possible progress of business operations in the market. These incentives present an opening to advance business practices and improve the current benefits. They also offer a play for growth and development of activities that add value to the organizations and its stakeholders (Ferrell & Hartline, 2011). These opportunities also lead to