Which of the following best describes the market opportunities that tend to be most relevant to a particular company? 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. Weakness places the organization at a drawback. 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. 10 Having a single, unified functional strategy instead of several distinct functional strategies 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… 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 area in which the organization lacks strength is weakness. Is not a true personal deficiency that you struggle with. _____ is something a company lacks or does poorly or a condition that puts it at a disadvantage in the market place. 1. 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 McDonald’s standardization ensures consistency but also reduces the company’s flexibility in responding to market variations. I strongly suggest that would-be entrepreneurs do a business plan. The airline industry is highly competitive and a small deficiency in a company can led to the company’s failure. So your first assignment is to recognize that you have weaknesses and determine what they are. To examine the market reaction to voluntary control deficiency disclosures, we construct an event study sample of 90 firms from a set of 242 firms that disclosed internal control deficiencies from November 2003 to July 2004 in various regulatory filings with the SEC. 5. WEAKNESS: Weakness is something an organization lacks or does poorly or a condition that puts the organization at a disadvantage. SWOT Analysis. As a result of completing the plan you will be much better prepared and know whether or not your business idea is feasible. 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… 3. Find more ways to say weakness, along with related words, antonyms and example phrases at Thesaurus.com, the world's most trusted free thesaurus. 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. You can't turn a weakness into a strength if you're busy denying the weakness exists. (2009). 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 reputed brand-name, popular customer service, and/or exclusive access to systematic supply chain network are strengths. A weakness is a limitation or deficiency in resources, skills and capabilities that seriously impedes effective performances. B. causes the company to fall into a lower strategic … Any fault affects an … Are the company’s prices and costs competitive with those of key rivals, and does it have an appealing customer value It indicates a deficiency or limitation or constraint. Competitive deficiency/liability. Deficiencies in competitively resources b. PAHL, N. & RICHTER, A. The second indicator of SWOT analysis is a weakness. Less productive R&D efforts than rivals B. C)prevents a company from having a distinctive competence. 3. Another word for weakness. C. prevents a company from having a distinctive competence. ♦Types of Weaknesses: Inferior skills, expertise, or intellectual capital ... A deficiency in a specific area is one that you can remediate, showing commitment and dedication as you do so. The following statement makes it very clear: Growth Profile of Reliance Ind. ... & 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* New legislation, slowdown in the market. Missing I key areas c. Strategic balance sheet d. A weakness or competitive deficiency These services report low profits to the firm than other segments. ... 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. How well is the company’s present strategy working? It is a weakness. The company’s sales increased by 11 percent to a figure of Rs. 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. Weakness indicates a deficiency or limitation or constraint. Take me. Weakness: A weakness (internal) is a limitation or deficiency in resources, skills, and capabilities that seriously affect performance. a. 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. Unfortunate situation and lack of organization are called weakness. A weakness is something a company lacks or does poorly or a condition that puts it at a disadvantage. 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. 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. 232-237. If you’re not actively working on a weakness, this is the perfect opportunity to stop, do some introspection, and … 2. C. prevents a company from having a distinctive competence. Opportunities - Opportunities are presented by the environment within which our organization operates. 3. #1 Strength and Weakness – Competitive. B. causes the company to fall into a lower strategic group than it otherwise could compete in. The profile of growth implies a mega-league. Weaknesses. Try the following article for a short-cut. What have we done about them? Company’s Competitive Advantage”, International Journal of Business and Soc ial Science, 2 (23), Special Issue, pp. 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. Resource weaknesses relate to Inferior or unproven skills, expertise, or intellectual capital Lack of important physical, organizational, or intangible assets Facilities, financial resources, management capabilities, marketing skills, and brand image could be sources of weaknesses. Therefore, the company must ready to do all that it takes to continue to develop a formidable competitive strategy all the time. Any area in which the organization lacks strength is weakness. ... success depends heavily on areas where the company is weak. Any weakness affects an organization’s performance adversely. 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. 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. A company resource weakness or competitive deficiency: A. B)causes the company to fall into a lower strategic group than it otherwise could compete in. 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 Every successful company knows that staying abreast with the market trends is needed to keep the development of an organization going. B. causes the company to fall into a lower strategic group than it otherwise could compete in. Instead, choose a weakness that you’re actively working on that can stand up to probing. 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? Weakness is discerned from the analysis of internal environmental factors. 7.786 crores. are sources of weakness. A. 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? Prevents a company from having any distinctive competence B. Such factors include world economic performance and technological developments (Hitt, Hoskisson & … A weakness is something or a condition that hinders a firm from achieving it objectives. 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. Some factors are beyond the control of a company but they affect it negatively. Lack of facilities, resources, management capabilities, marketing skills, etc. 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. 43. Weakness indicates a deficiency or limitation, or constraint. 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. Even if a condition puts the organization at a disadvantage, it is also termed as a weakness. It is a competitive deficiency (Henry, 2008) Toyota offers financial services such as insurance, credit cards. Usually stems from having a missing link or links in the industry value chain C. 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