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Internal factors – The strengths and weaknesses internal to the organization
External factors – The opportunities and threats presented by the external environment to the organization
The Four Elements
1) Strengths:
a. Attributes of the organization that are helpful to achieving the objective.
b. How can we Use each Strength?
2) Weaknesses:
a. Attributes of the organization that are harmful to achieving the objective.
b. How can we Improve each Weakness?
3) Opportunities:
a. External conditions that are helpful to achieving the objective.
b. How can we Exploit each Opportunity?
4) Threats:
a. External conditions which could do damage to the business's performance.
b. How can we Mitigate each Threat?
© Paul Cladas 2008