“SWOT is an acronym for the internal Strengths and Weaknesses of a firm and the environmental Opportunities and Threats facing that firm. SWOT analysis is a widely used technique through which managers create a quick overview of a company’s strategic situation. The technique is based on the assumption that an effective strategy derives from a sound “fit” between a firm’s internal resources (strengths and weaknesses) and its external situation (opportunities and threats). A good fit maximizes a firm’s strengths and opportunities and minimizes its weaknesses and threats. Accurately applied, this simple assumption has powerful implications for the design of a successful strategy.”

Reliance Industries Limited

Reliance Industries (RIL), India's largest private sector company, is engaged in the production of textiles, synthetic fibers, fiber intermediates, petrochemicals, and oil and gas and refining. It is headquartered in Mumbai, India and employs approximately 48,000 people.