BACHELOR OF BUSINESS ADMINISTRATION

BUSINESS ADMINISTRATION

STRATEGIC MANAGEMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
A ____ is something a company lacks or does poorly. Examples include lack of skills or expertise, deficiencies in assets, inferior capabilities in functional areas etc.
A
strength
B
weakness
C
threat
D
opportunity
Explanation: 

Detailed explanation-1: -Weaknesses: A weakness is something a company lacks or does poorly. Examples include lack of skills or expertise, deficiencies in assets, inferior capabilities in functional areas etc.

Detailed explanation-2: -Weaknesses stop an organization from performing at its optimum level. They are areas where the business needs to improve to remain competitive: a weak brand, higher-than-average turnover, high levels of debt, an inadequate supply chain, or lack of capital.

Detailed explanation-3: -Answer and Explanation: The answer is C. Overleveraged. This is a company-specific weakness that refers to a excessive level of debt, which increases the risk associated with future cash flows and profitability.

Detailed explanation-4: -Weaknesses are the constraints that impede a company’s success in a certain strategic direction-in other words, what the company does not do well. Typical company weaknesses might be: Inadequate definition of customer for product/market development.

Detailed explanation-5: -A SWOT analysis is a planning tool which seeks to identify the Strengths, Weaknesses, Opportunities and Threats involved in a project or organisation.

There is 1 question to complete.