Weaknesses and threats in an organization SWOT analysis SWOT analysis is a type of strategic planning by an organization. It helps in identifying the strengths, weaknesses, opportunities, and threats to the overall business of the organization, and helps the company to determine its strategic advantage against its competitors. Weaknesses in an organization The weakness of an organization is the internal factors that have a negative impact on the company’s performance (Alvarez et al.,2016). Also, due to weaknesses, an organization might have a disadvantage against a competitor. A manager must identify the weakness and analyze its potential damage to the company. The main objective should be to eliminate or minimize the negative impact of the said weakness. Weaknesses can undermine the capacity of an organization during an opportunity, which might lead to potential losses for the company. Threats in an organization Threats for an organization are the external factors that might have a negative impact on the business of an organization (Branch, 2018). Like weaknesses, threats can also cause problems for the company in the long run if not minimized. Threats…
21 Apr