Essay - Dq3: Generally, Organizational Strengths and Weaknesses are Derived from Internal...

DQ3: Generally, organizational strengths and weaknesses are derived from internal environmental analysis. Does the external environment impact ***** organizational ***** and weaknesses?

Because internal information pertaining to the organization is more readily available, it ***** tempting to emphasize internal information when conducting an organizational *****. In terms of determining strengths, internal information is important to obtain from the organization's point ***** view to decide what aspects of marketing, research and development, etc. should receive the majority of the organization's financial and human resources. In terms of determining weaknesses, an internal environmental analysis is imperative to target *****se segments for improvement or elimination. But without understanding the external environment, the ***** company ***** is useless—it provides only half the picture. The macro environment will influence whether consumers are willing and able to spend more or less for a particular good or service. ***** competitor's strengths and ***** will determine the level of competition in the market, in terms of price and availability of options ***** ***** a particular good or service.

When making decisions about internal policies, the company must be aware of external market trends, ***** the purchasing power ***** the ***** market. The organization may need to modify its strategy, if ***** market segment is overly competitive in terms of price, in a way that exceeds the organization's ability ***** cut costs in its supply cha*****. An external analys***** ***** highlight an available niche or market segment that contains a hidden opportunity that ***** organization can exploit.

Strength is not enough. Timing ***** also of critical importance—to strike at the right time for the target market, and to gauge one's likely competitor's market positioning, likely costs ***** pricing, and own internal ***** and