-Helps in identification of the limitations or the weaknesses of the firms thus helps in correcting them immediately as it should be done.
-Helps the firm owners to identify the opportunities in the market that are available to make use of them.
-Promote proper utilization of resources available in a firm.These resources include natural and capital resources.
-Helps improving the business/firm survival and growth through the identification of threats, limitations or the opportunities available.
-Promotes long term planning strategies incorporation in a given business or organization thus continuous benefits obtained.
-Facilitates faster decision decision making through proper selection of best alternatives available from the existing alternatives.
jim items answered the question on April 10, 2019 at 16:30
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