Instead, choose a weakness that you’re actively working on that can stand up to probing. #1 Strength and Weakness – Competitive. The profile of growth implies a mega-league. Which of the following best describes the market opportunities that tend to be most relevant to a particular company? New legislation, slowdown in the market. A company resource weakness or competitive deficiency E. Is something a company lacks or does poorly (in comparison to rivals) or a condition that puts it at a disadvantage in the marketplace Competitive deficiency/liability. ♦Types of Weaknesses: Inferior skills, expertise, or intellectual capital a deficiency in expertise or competence lack of assets (physical, human, intangible) missing capabilities In discussing weakness these questions can be posed: How do we deal with weaknesses? Some factors are beyond the control of a company but they affect it negatively. Weakness indicates a deficiency or limitation, or constraint. It is a weakness. A weakness or competitive deficiency is: something a company lacks or does poorly (in comparison to others) or a condition that puts it at a competitive disadvantage in the marketplace. ... success depends heavily on areas where the company is weak. The second indicator of SWOT analysis is a weakness. Deficiencies in competitively resources b. The following statement makes it very clear: Growth Profile of Reliance Ind. A weakness is a limitation or deficiency in resources, skills and capabilities that seriously impedes effective performances. ... At the company I work for, this proved a problem because the working environment is very chaotic and I personally found this hard to deal with. Any fault affects an … Prevents a company from having any distinctive competence B. Weakness: A weakness (internal) is a limitation or deficiency in resources, skills, and capabilities that seriously affect performance. B. causes the company to fall into a lower strategic group than it otherwise could compete in. A weakness is something a company lacks or does poorly or a condition that puts it at a disadvantage. Identifying a Company’s Weaknesses and Competitive Deficiencies ♦A Weakness (Competitive Deficiency) Is something a firm lacks or does poorly (in comparison to others) or a condition that puts it at a competitive disadvantage in the marketplace. You can't turn a weakness into a strength if you're busy denying the weakness exists. The company’s sales increased by 11 percent to a figure of Rs. If you’re not actively working on a weakness, this is the perfect opportunity to stop, do some introspection, and … a. Another word for weakness. Weaknesses. Missing I key areas c. Strategic balance sheet d. A weakness or competitive deficiency _____ is something a company lacks or does poorly or a condition that puts it at a disadvantage in the market place. Lack of facilities, resources, management capabilities, marketing skills, etc. FINAL STRGY: .XXXX (competitive deficiency) is something a company lacks or does poorly or a condition that puts it at a competitive disadvantage in the marketplace - A weakness… B)causes the company to fall into a lower strategic group than it otherwise could compete in. Find more ways to say weakness, along with related words, antonyms and example phrases at Thesaurus.com, the world's most trusted free thesaurus. Such factors include world economic performance and technological developments (Hitt, Hoskisson & … 232-237. 43. (2009). A reputed brand-name, popular customer service, and/or exclusive access to systematic supply chain network are strengths. How well is the company’s present strategy working? Weaknesses. 3. Try the following article for a short-cut. A. A reputed brand-name, popular customer service, and/or exclusive access to systematic supply chain network are strengths. Weakness indicates a deficiency or limitation or constraint. These services report low profits to the firm than other segments. Does the company have attractively strong resource capabilities and how well do they match its market opportunities and the external threats to its future well-being? Any asset of the firm could be classified as strength, but the extent of contribution to the competitive situation of the firm can fluctuate greatly. A company resource weakness or competitive deficiency: A. Take me. 7.786 crores. A weakness is something or a condition that hinders a firm from achieving it objectives. Is not a true personal deficiency that you struggle with. SWOT for Deficiency Disease is a powerful tool of analysis as it provide a thought to uncover and exploit the opportunities that can be used to increase and enhance company’s operations. These 1. SWOT Analysis. 2. A company resource weakness or competitive deficiency: A. represents a problem that needs to be turned into a strength because weaknesses prevent a firm from being a winner in the marketplace. 5. Usually stems from having a missing link or links in the industry value chain C. Causes a company to fall into a lower strategic group than it otherwise could compete C. prevents a company from having a distinctive competence. It indicates a deficiency or limitation or constraint. DEFICIENCY #1: WEAK SALES AND MARKETING EFFORT A weak sales and marketing effort will dramatically impact a hotel’s revenue, profitability and ... understanding of the competitive landscape on a real-time basis. Company’s Competitive Advantage”, International Journal of Business and Soc ial Science, 2 (23), Special Issue, pp. As a result of completing the plan you will be much better prepared and know whether or not your business idea is feasible. I strongly suggest that would-be entrepreneurs do a business plan. B. causes the company to fall into a lower strategic … A company resource weakness or competitive deficiency (p. 104) A. represents a problem that needs to be turned into a strength because weaknesses prevent a firm from being a winner in the marketplace. Even if a condition puts the organization at a disadvantage, it is also termed as a weakness. 10 So your first assignment is to recognize that you have weaknesses and determine what they are. A company resource weakness, or competitive deficiency, Something that a company lacks or does porly in comparison to others or a condition that uts it at a disadvantage in the marketplace. A company resource weakness or competitive deficiency is something a company lacks or does poorly (in comparison to rivals) or a condition that puts it at a disadvantage in the marketplace The three best indicators of how well a company’s present strategy is working are whether What have we done about them? In doing SWOT analysis, which one of the following is NOT an example of a potential resource weakness or competitive deficiency that a company may have? C. prevents a company from having a distinctive competence. Weakness places the organization at a drawback. It is a competitive deficiency (Henry, 2008) Toyota offers financial services such as insurance, credit cards. Opportunities - Opportunities are presented by the environment within which our organization operates. 3. Any area in which the organization lacks strength is weakness. ... A deficiency in a specific area is one that you can remediate, showing commitment and dedication as you do so. Less productive R&D efforts than rivals B. A company’s internal weaknesses can relate to a) deficiencies in competitively important skills or expertise, b) a lack of competitively important physical, human, organizational, or intangible assets, or c) missing or weak competitive capabilities in key… 3. Low product diversification corresponds to the firm’s focus on food and beverage products, which is a weakness that makes the business highly vulnerable to slowdowns in the restaurant industry. Any weakness affects an organization’s performance adversely. A company resource weakness or competitive deficiency A)represents a problem that needs to be turned into a strength because weaknesses prevent a firm from being a winner in the marketplace. B. causes the company to fall into a lower strategic group than it otherwise could compete in. WEAKNESS: Weakness is something an organization lacks or does poorly or a condition that puts the organization at a disadvantage. C)prevents a company from having a distinctive competence. Any area in which the organization lacks strength is weakness. A resource weakness, or competitive deficiency, is something a company lacks or does poorly (in comparison to others) or a condition that puts it at a disadvantage in the marketplace. Ltd: What is astonishing is that the company expects to reach growth target of 20 to 30 percent as against nominal overall growth of two percent. ... & extent of the company’s net competitive advantage or disadvantage & to take specific note of areas of strength & weakness *Company should utilize the strength scores in deciding what strategic moves to make* McDonald’s standardization ensures consistency but also reduces the company’s flexibility in responding to market variations. Weakness is discerned from the analysis of internal environmental factors. Every successful company knows that staying abreast with the market trends is needed to keep the development of an organization going. Unfortunate situation and lack of organization are called weakness. The airline industry is highly competitive and a small deficiency in a company can led to the company’s failure. A company resource weakness or competitive deficiency A. represents a problem that needs to be turned into a strength because weaknesses prevent a firm from being a winner in the marketplace. Therefore, the company must ready to do all that it takes to continue to develop a formidable competitive strategy all the time. Any asset of the firm could be classified as strength, but the extent of contribution to the competitive situation of the firm can fluctuate greatly. Resource weaknesses relate to Inferior or unproven skills, expertise, or intellectual capital Lack of important physical, organizational, or intangible assets Are the company’s prices and costs competitive with those of key rivals, and does it have an appealing customer value Having a single, unified functional strategy instead of several distinct functional strategies are sources of weakness. 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