What does a SWOT analysis examine in relation to a firm's resources?

A SWOT analysis evaluates a firm's internal strengths and weaknesses, as well as external opportunities and threats. When focusing on a firm's resources, it considers various aspects that contribute to its overall capacity to perform and compete effectively.

The analysis encompasses financial resources, which provide the necessary capital for operations and investments. It also includes human resources, reflecting the skills, experience, and capabilities of the workforce, which are crucial for achieving organizational goals. Technical resources refer to the technology and systems a firm uses, impacting efficiency, innovation, and product quality.

By examining all these dimensions—financial, human, and technical—SWOT analysis provides a comprehensive view of a firm's resource landscape, helping to identify areas of strength that can be leveraged and weaknesses that may need to be addressed. This holistic approach ensures that the analysis captures the full range of resources that contribute to a firm's strategic positioning.