Help with a 250 word discussion (NO PLAGIARIZED WORK)
Question Description
A) Write a 250 words discussion on the below question with proper citations in MS word. Indicate at least one source or reference.
QUESTION:
How can one distinguish between an organizational weakness and a threat to the organization?
B) In a separate word document, please write responses to the below two posts in your own words.
1) Differentiating between organizational weaknesses and threats to the organization (written by Rajeshwari Karadi)
A threat refers to an unfavorable condition that has the potential of impacting the organization negatively. It can be external forces or barriers that could hurt the operations and strategic goals of the organization. An example of a threat could be an entry of a new competitor in the market who could have better performance or products that the current organization (Robson, 2015). This can affect the sales and revenue for the current organization.
An organizational weakness refers to internal faults or limitations that hinder the achievement of the organizational goals, revenue generation, or successful competition, and they emanate from the way the organization is being run. Weaknesses focus on the organizations’ vulnerability, and they are negative factors that shift the strengths of the organization. This happens when the organization focuses on its inefficiencies and gaps in technology, finances, or skills that would impact on its success. For instance, the lack of enough resources to sponsor research and development makes it impossible for the organization to upgrade its products and services to compete with those of the competitors (Robson, 2015). Unsuitable location is one of the significant weaknesses which harms the cost of operations for the organization.
One of the cures to reduce organizational weaknesses is a complete overhaul or restructuring the business or increasing investment by the company. For instance, the organization should increase its funding for research and development to match the ever-changing technology, or to relocate to where its consumers are located. To identify the organizational weaknesses, the organization must, first of all, identify the areas that require attention or improvements and analyze the available opportunities for development. The management must find out how their organizations receive and respond to feedback from their customers, and how it compares with their competitors,
Threats mostly originate from the change in the target audience, government regulations, political situation, and marketing or economic trends. The organization should carry out some marketing research to identify the economic trends and their impact, so it has to recognize the financial threats that may face the organization. Some of the marketing trends that may pose a threat to the organization include a new pattern and an increase in competition, which could affect the business (Helms & Nixon, 2010). Besides, changes in the target audience and government regulations can also pose a threat to the organization.
2) Written by Vamshidhar Adla
Each organization is handling the analysis on strength, weakness and opportunity, threat. Here our discussion is about weaknesses and threats and how the organization manages and what are the main differences between them. For the development and situations it helps in all the strategic plan and decision making. These are really useful for the original business and industry. They are both equal and grateful when the work continues. Everywhere in development, personal growth has weaknesses and threats, but especially in companies, various comparison techniques are used that determine situations using various methodologies. Here the level of the different operations. Every organization is doing perspective analysis when we have to use it. To explore the possibilities and all the effects occur for problems to solutions. They make decisions about all the initiative and all the opportunities when achieving the success that determines as the turning point. Strength and weaknesses reveal according to priorities that you can (Pirson, M., & Malhotra, D. (2011)) .
Mainly adjustment occurs in program refinement planning and any new threat closes the path once it exists. As common factors internally, weakness is part of it and externally, opportunity and threats are also part. You have to remember where the positive force, the impact created as all potential problems recognize by possible direction. For any type of organization, there are both positive and negative aspects. The negatives are the threats of weakness and all restrictions and small challenges are not favoured. This explains the overall picture of the organization’s environment. In addition, we have a detailed management plan. Here opportunity weakness strategies can be overcome with the advantage of opportunities. The threats mentioned are also the same, but the difference we can find in the use of strengths to avoid threats. These minimize weakness and avoid threats (Westrum, R. (2017)).
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