What are strengths and weaknesses of an organization?
A strength is a resource or capacity the organisation can use effectively to achieve its objectives. A weakness is a limitation, fault, or defect in the organisation that will keep it from achieving its objectives. An opportunity is any favourable situation in the organisation’s environment.
What is strength and weaknesses analysis?
SWOT (strengths, weaknesses, opportunities, and threats) analysis is a method for identifying and analyzing internal strengths and weaknesses and external opportunities and threats that shape current and future operations and help develop strategic goals.
What are the disadvantages of memos?
Disadvantages of memo
- Limited application: It is not widely used means of communication.
- Time consuming: It takes time to be sent to a distant branch or office.
- Expensive: As usually a memo is a per-printed form, it is expensive than other means.
- Lack of formality: It provides only informal communication.
What helps to identify strengths and weaknesses of the company?
How to Identify Your Company’s Strengths and Weaknesses
- Start with a SWOT analysis.
- Consult with others.
- Closely monitor customer complaints.
- Match your business against the competition.
- Join a peer advisory board.
What are the strengths of an organization?
Some examples of strengths include:
- Strong employee attitudes.
- Excellent customer service.
- Large market share.
- Personal relationships with customers.
- Leadership in product innovation.
- Highly efficient, low-cost manufacturing.
- High integrity.
What are advantages of memorandum?
It is a convenient mean of communication. It is inexpensive. Memos are used within an organization so one can use low-quality paper. It helps in maintaining written records.
Which of the following are disadvantages of a memo as a form of communication?
The major demerits of a memo are its scope is limited. The use of a memo is restricted only within the boundary at an organization. Detail information cannot be provided by a memo. It cannot be used in communication with any external party.
What are the strength of an organization?
Strengths are things that your organization does particularly well, or in a way that distinguishes you from your competitors. Think about the advantages your organization has over other organizations. These might be the motivation of your staff, access to certain materials, or a strong set of manufacturing processes.
What are weaknesses in a company?
Weaknesses are the constraints that impede a company’s success in a certain strategic direction—in other words, what the company does not do well. Typical company weaknesses might be: Inadequate definition of customer for product/market development. Confusing service policies.