 अस्मालिकुम दिया लोन अज अन तिपनीउच अन बद्टीो में बात करने वाले हैं अब अपनी आँईन्टरनल अचस्मन्त यह अईन्टरनल अडट की जिसको हम खयते हैं अझेंत अन लिगनिस आद. अगर तो आपकी एक लाजवर्म हैं तो लाजवर्म की अपनी एक आईईटिन्तिटी होती है, वो एक अर्टेफशिल परसन होता है, उसकी अपनी स्ट्रेंस होंगे और अपनी वीकनिसे होंगे, अगर अगर आप एक पारनिशिप परम है, यां फिर अब आप आप एक सोल प्र अब की अपनी स्ट्रेंत यो वीकनिसी भी कापी हत टक एक तुश्ट्रे को अबलाप कर लगी है, अगेईं बच्डिक शुडज़िजित माईरच्मंट है, और वी नच्ट्टोगग, that help a business venture to achieve its vision, mission statements, goals and objectives or its opposite have weaknesses or what are the negative internal factors that inhibit any business for achieving its goals and objectives or it adversely affect your sustainable competitive advantage if we talk about strengths and these strengths or weaknesses are related to your self on this we have talked in a lot of detail that if you want to become an entrepreneur then you have to take care of what you are talking about so if we want to share a checklist with you and this is an example you should ask a lot of questions like this with your own self so that you can identify your personal strengths and weaknesses you have provided that your business is not a registered business and its artificial identity is not for example what is the level of my commitment that I can bring into my business venture these are all the questions that you are asking yourself and you are looking for the answer to these questions so basically you are identifying your strengths and weaknesses strategic management, I repeat business strengths and weaknesses are seen but strategic management with the lens of entrepreneurship entrepreneur KB strengths and weaknesses provided again that if the firm's size is small or medium or it is a start-up when we do internal audit internal audit means internal audit for the business venture so then what questions do we have in our mind for example we have questions in our mind that these ventures, objectives and goals are measurable these ventures, objectives and goals are well communicated to all the strategic partners 2 people have brought business ideas and the partner A has a different business idea and the partner B has a different perception this product or service design is comparative this selected target market is well thought, well planned is my pricing strategy comparative are my unique selling prepositions well communicated to the target market is customer orientation well crafted is venture structure appropriate are the job descriptions and the requirements clearly communicated to all strategic partners is strategic partner morale high are employees absintheism or turnover is low are reward and control mechanism effective these are all the questions or checklists that basically when you are looking for answers then you are basically identifying your strengths and weaknesses again remember one thing when you take any idea then that idea is not followed blindly it is being assessed well and for assessment your strengths and weaknesses you should know both so what we have shared before or what we have shared now is the answer to an entrepreneur you should look for there are a lot of tools available that help you to identify your strengths and weaknesses especially if it is a medium size business or large size business they have a lot of tools for example your cost-benefit analysis is also telling you your strengths and weaknesses for example your cost-benefit analysis is telling you that you are very cost-effective and your benefits are far more than your cost so it means that this is your strength likewise your financial ratios are telling you a lot your financial ratios are identifying your weaknesses or highlighting your strengths likewise production and operation assessments i.e. quality standards i.e. your quality standards are telling you that your sum is just one defective product and sometimes it is not defective so it means this is your strength you are meeting your quality standards at the end of the day you are a start-up or a newly established venture or a medium size corporate people have developed this mechanism you should have a table where you have all your strengths and all your weaknesses should be written to you strengths are the areas which we ensure because they are our key success factors and our competitive advantage and the weaknesses are the areas for which corrective action is required otherwise we will be exploited by the comparators if we don't overcom or rectify our weaknesses so at the end you should realistically measure your strengths and weaknesses you should know what are your strengths so that you can improve them so that you can take corrective action see you in the next video