SWOT analysis of West Herzegovina County

INTERNAL FACTORS

1. STRENGTHS:	2. WEAKNESSES:
natural resources	traffic communications
human resources	entrepreneur problems with organization
economic resources	outdated techniques and technologies
basic infrastructure	weakness of state administration
geo-strategic position	under-utilization of existing capacity
tourist attractions	human resource managing
good ecological condition	consequences of war
sports and recreational conditions	coordination of county and local authorities
proximity of large markets	multi national cooperation
tradition and historical heritage	unemployment

3. OPPORTUNITIES:	4. THREATS:
use of geo-strategic location and transport	natural disasters
better use of natural resources	lack of development institutions
introduction of innovations	globalization
benefits of the Mediterranean climate	Unfair competition
increase own and foreign investment	non favorably business environment
implement institutional reform	rejection of project proposals at the national level
knowledge and technology transfer	non activate in national programs
accelerate the privatization process	expensive and ineffective state
entrepreneurship stimulation	increase in input prices
project inclusion in the European Association	slow in its EU integration
take advantage of the positive processes in the environment	small domestic market
innovation support and their application	disorders of international markets