External Opportunities and Threats Homework Help
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Every organization operates in two different environments. First is the internal environment that considers the strengths and weaknesses of the company and second is the external environment that takes the opportunities and threats into account. External opportunities and threats are the factors that cannot be controlled by the company. External Opportunities and Threats homework help mentions that the externally favorable conditions available for the company are referred to as external opportunities whereas the factors which may be harmful to the company in the long run are considered to be threats to the firm. External Opportunities and Threats homework help tell us that the threats can be reduced by exploiting the external opportunities.
Uses of Knowing the External Opportunities and Threats
SWOT analysis is a well-known planning strategy that helps an organization to identify its strengths, weaknesses, opportunities and threats. Identification of these factors is helpful in many ways. They are explained below in External Opportunities and Threats homework help
• External opportunities– It is advantageous for the company to have knowledge about the external opportunities like new customer trends and market changes. Combining the strengths of the company with external opportunities can increase the company’s profit.External Opportunities and Threats homework help shall tell us more about it.
• External Threats– The external threats can lead to various problems for the business firms. Identification of the threats is helpful in counteracting them and saving the company from potential damage and losses. All these factors can be studied in External Opportunities and Threats homework help.
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