Question: Please Answer The two questions based on contracting company 16- What Strengths Exist for the Organizational? Step 17: What Weaknesses Exist for the Organization? Resources
Please Answer The two questions based on contracting company
16- What Strengths Exist for the Organizational? Step 17: What Weaknesses Exist for the Organization? Resources and strategic capabilities are the founda- tion of a firm's internal strengths and weaknesses. The VRINO framework should be employed to evaluate the competitive quality of firm resources. Support for each strength and weakness should be founded on research, not intuition or only personal experience. The organiza- tion's strengths and weaknesses should be numbered, each with complete details and justification (typically a paragraph for each one). Many possible organizational strengths and weaknesses can emanate from its re- source base. Examples include: 1. Brand names and recognition 2. Company reputation 3. Control systems 4. Costs (internal) 5. Customer loyalty 6. Decision-making 7. Distribution 8. Economies of scale 9. Environmental scanning 10. Executive leadership 11. Financial resources 12. Forecasting 13. Government lobbying 14. Human resources 15. Information systems and technology 16. Internet presence 17. Labor relations 18. Location 19. Logistics and inventory management 20. Manufacturing and operations 21. Market share 22. Organizational structure 23. Physical facilities and equipment 24. Product/service differentiation 25. Product/service quality 26. Promotion and advertising 27. Public relations 28. Purchasing and channel management 29. Quality control 30. Research and development 31. Sales 32. Strategic capabilities 33. Technology and patents The previous list includes possible strengths and weaknesses, but the list of possibilities is endless. It is important to clarify how each strength has helped the organization and how each weakness has hindered it. In many instances, strengths are the primary catalysts for the organization's successes, and weaknesses are the main reasons why it has failed in specific endeavors. There is no set target for the number of strengths or weaknesses that should be identified in a case analysis. When only several are identified, the effort is probably not thorough. When the list becomes too long- as would be the case if all the items in the previous list happened to be associated with strengths and or weaknesses- it becomes cumbersome to manage in the remaining steps of the analysis. In this situation, pooling several items into one can help. For example, "expertise in ad- vertising" and "a strong sales force" could be merged into a single item called "marketing expertis
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