• What should we avoid? You are located in the north of the country but 85% of your customers are in the south. Weaknesses are those things that detract from the value of your offering or place you at a disadvantage when compared with your competitors. The internal controls you put in place help ensure that employees carry out the work according to company policies and procedures. The size, geographic dispersion, number of products or services offered & diversity of the organization makes the relationship among its functional areas more complex. For example, the AT&T organization is weak in computers while strong in communications. An internal auditor has to dig into all aspects of the business – you want that person to understand the larger environment your business operates in! The same organization may have different divisions that require different type of internal strategic management audit. What are important and potentially important markets? Weakness of Monsanto – Internal Strategic Factors . That’s the finding of a recent study from the Institute of Internal Auditor’s Audit Executive Center. A number of managers & employees provide different kinds of information & ideas about the factors that serve as strengths & weaknesses for the organization through effective coordination. The extent to which your organization could adapt to changing circumstances is also a factor that needs to be considered. He laid the foundation of classic … [Read More...], Lionel Robbins turned the tables by proposing a whole new perspective of economic. You may also be interested in: Definition of SWOT Analysis, Strengths, Weaknesses, Opportunities, and Threats, Internal Factors (Strengths and Weaknesses), External Factors (Opportunities and Threats), Matching and Converting, Advantages and Disadvantages and SWOT Analysis Example. The internal analysis of your organization should include its culture, expertise, resources, and unique qualities within the market place. • What areas are we seen as being expert in? Assuming that you do feel able to discuss your organization's weaknesses honestly, then it is important that you do so because the more realistic your assessment is at this stage the more value the SWOT analysis will have. Sorry, your blog cannot share posts by email.