Components of a SWOT Analysis , watch the Simulation Overview Video Part 1, and the video from your Chairman Stan Sloan after you have logged into the simulation. In 150 words or more, what...

Components of a SWOT analysis
What information or details is important to add to a SWOT analysis in general?
The important information that must be identified while conducting a SWOT analysis is as follows:
1. The SWOT analysis should be towards ‘specific issues’ rather than for the entire business of the company. This will help to solve the minute problems which will ultimately help us to resolve all the issues of the company. For e.g. if huge taxes is obstructing a company to earn profits, then planning a sound taxation policy and submission proper tax proof for deduction will help to avoid penalties and lessen tax burden.
2. We have to focus on our ‘competitive advantage’. This means where the business is able to earn the maximum profits and is doing well. This will act as the unique selling proposition of the company. For e.g. Strong brand, advanced technology etc.
3. The SWOT analysis should be...