30 examples of strengths and weaknesses of a company
All the strengths and weaknesses They are characteristics that benefit or harm the progress and stability of your business. There are many areas in which these can occur. From the type of staff to the venue. Everything plays a role in the integrity of your company.
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For example. Something as simple as choice of receptionist It can play you an advantage or disadvantage. If the first impression they have of your company is of a disorganized worker who pays little attention to them. They will probably be disappointed in the service.
On the other hand, if they are received by a friendly, proactive receptionist who is willing to help them. Your customers will have a good experience and they will recommend your company. Which will bring you more customers in the future.
15 examples of company strengths
- Advertising
- Utility
- Customer Service
- investment capacity
- Cash Flow
- Compensation
- Work environment
- Legality
- Product management
- logistics staff
- Industrialization
- Leadership
- Expansion
- Secure
- Vision
Making the company known is the main thing. A show of force is have a solid image, in this way customers will have security when contracting the services you provide.
Address social networks, this is the most recommended and the most economical.
Indicate exactly what your business does. If you focus on food distribution, then offer these types of services to your consumers in a smart way. An example is the dispatch of merchandise to the door of your customers.
Attention to complaints or doubts is very important. One of the greatest strengths of powerful companies is responding to the concerns of their buyers.
Hire staff to answer phone calls, answer questions on social networks and especially, generate empathy with your users.
Invite new investors to the projects you are going to develop. To do this, create a eye-catching schedule of activities, sell your ideas so that wealthy people contribute money for the expansion of your business.
Make sure that the coffers are always full, you never know when you will need money to finance a project. The exit and entry of money is a fundamental element, always keep it in mind and allocate something to the savings fund of your association.
Incentivize your workers offer them rewards for jobs well done. For example, if an employee lands a wealthy client, give them a bonus. If a worker breaks a sales record, give him a well-deserved vacation.
People work better when they are motivated, and this is one of the greatest strengths a company can have.
Make the staff in your charge work harmoniously, if there is a problem, resolve it promptly. There will always be employees who hate each other, so find a way that this doesn't affect the performance of your business.
If your industry works following legal regulations, then it has no legal weaknesses. pay your taxes, insure your workers and mainly, support your business against accidents.
The material with which you work must be in perfect condition, manage them so that they are not damaged. It is also necessary that they never run out, manage your products well and you will be unbeatable.
The employees who are dedicated to logistics, is possibly the greatest strength of a company. If your industry is dedicated to mining you will need logistics to transport the resources, without them, you will not be able to produce profits.
The evolution of technology made work easier for people, therefore, machinery is essential. For a prosperous future of your business, invest in industrialization.
One of the weaknesses of a food company is not investing in machinery that quickly produces the supplies to be dispatched.
From industrial ovens to vending machines, these are some of the examples of technological progress in work environments.
Your employees must have the confidence that you will work together with them for the growth of the company. Managing materials, managing money, and directing people are tasks that leaders must do with care.
The strength of a company is characterized by the growth projects it has. If you have vision, then you will have a rough idea of short, medium and long term plans.
However, do not rush, expansion is a figure that takes years to materialize, we recommend you to be careful and not trust yourself.
The competition may put pressure on you, but remember that multinationals were not created overnight.
Insure your business against claims when you have the opportunity, this will prevent you from having problems in the future. There are countries whose legislation requires employers to insure their businesses, as well as their employees.
We suggest you invest in a risk management plan and hire an insurer when your earnings allow it.
Employers make known the importance of a company's strengths so staff know how to deal with upcoming projects. In order not to show importance or inability, it is convenient to set a date for the achievement of the objectives.
This is called a vision, and every company must have it to ensure smooth operation.
15 examples of internal weaknesses of a company
- lousy leadership
- excessive ambition
- Bad organization
- Inefficient quality controls
- poor quality tools
- Financial mismanagement
- internal corruption
- Inexistence of invoices
- bad teamwork
- Misuse of social networks
- lousy location
- Lack of lawyers
- Lack of staff
- impossible goals
- personal disputes
Managers who do not know how to deal with responsibilities will never have the respect and support of their workers. This is a weakness that condemns businesses to ruin, without a leader, businesses cannot prosper.
Many of the weaknesses of a company in the SWOTIt is baseless greed. It's fine to have your goals clear and pursue them to the end, but set the limits so you don't lose staff along the way.
Make plans taking into consideration the distribution of your resources. If you put your assets at risk, and you don't have a backup, you waste everything you have. this weakness can destroy all resources you have, affecting your company.
Imagine that you are in charge of the sale of sports products, it is necessary that you test them from time to time to verify their quality. This can be extended to other fields of work, especially in the food sector.
Companies with a track record allocate part of their capital to hiring personnel to carry out these tests. If you put this into practice, you will have maximum efficiency.
Do not be greedy, invest what is necessary so that the company has implements of optimal efficiency to work. If your tools are not good, your business will suffer, avoid this weakness and acquire quality raw material.
It is difficult to save, you spend more than you produce, so your income will go down the line. It is also convenient invest in assets that have a small risk margin, this will increase the probability of massive profits.
Reality is stranger than fiction, and there are corrupt people in every company. When board members stab each other in the back, business suffers. Even employees can be part of this financial stagnation.
El analysis of strengths and weaknesses of a company reflect that there is always disparity in the invoices they issue. Tax evasion is normal, but in companies it is a more serious crime, or do this and operate normally.
The staff of a business must work as if they were a single individual, if they cannot do this, the company will suffer economic losses. The best thing is to clarify the situation, iron out the rough edges between co-workers and break that barrier.
If you do not use social networks for the expansion and positioning of your company, then you will not have profits.
Use Facebook, Instagram and Twitter to make yourself known, by using a planned marketing campaign you will attract the attention of investors and clients alike.
Do everything possible so that your company is located in a walkable area with an excellent location. Avoid areas with crime and that they are far from the central area of the city.
Despite the above, emerging businesses that operate virtually are an alternative. This is a double-edged sword because you need to meet certain legal requirements, but if you do, you will save a lot of money.
Having a lawyer is expensive, not having one is even more so. Companies that do not meet the legal conditions to operate can be closed. An example of this is the brand legalization, if you don't do this, anyone can use your name.
Lawyers are also necessary to record the accounting and represent the company in any legal matter. By having a specialist, your industry lacks a major weakness.
Normally, small companies can work with at least 8 workers, but large consortiums cannot. If your commercial activity requires a lot of personnel, try to hire the required workforce.
If you fail to comply with this measure, you will leave a very important sector vulnerable for your future expansion projects.
"Build an ice pyramid in the Tabernas desert”, this is an absurd goal to meet, therefore, we invite you to be aware. The objectives in the annual agenda must be logical, so the employees will feel motivated to execute them.
There is no room for immature or childish thoughts, if you are a suitable boss or leader, forget the problems you have with partners or employees.
These examples of strengths and weaknesses of a company must be kept in mind before performing each action. Do not forget that professional growth takes years, be patient and put each of these teachings into practice.