Core Strengths And Weaknesses

How does a company distinguish between what its core strengths are today, and what they should be in the future in order to survive and compete in the market. How can a company evaluate this and how can they come up with their roadmap for the above?

Every leading business faces a challenges to survive and compete in market in today’s changing economic environment. To gain competitive advantage typically companies compare their market position and strategy in their similar industry. Along with this they also compare price and performance which are offered by their competitors. Some may advantage in their accumulated tangible and intangible assets. However these all are only the few things through which organization can achieve competitive advantage. Besides

Core strengths are usually limited in number and are embodied in the organization’s products and services. They are not actual products or services. Core strengths help to build core processes and maintain them as core processes to develop a core product. Core strength is out of outsourcing scope. Core processes should not be outsourced, as it is will help company to survive and competitive.

References

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