Which of the following aspects should a company evaluate in order to determine its strengths and weaknesses?

Question

Multiple select question.

Stock market trends

Production capability and flexibility

Market demands

Current products

Employee knowledge

Answer 1

To determine its strengths and weaknesses, a company should evaluate the following aspects:

1. Production capability and flexibility - Understanding the ability to produce goods efficiently and adapt to changes can reveal strengths and weaknesses.

2. Market demands - Analyzing market demands helps in identifying whether a company meets customer needs effectively, which can highlight strengths or areas for improvement.

3. Current products - Evaluating the portfolio of current products allows a company to assess how well it competes in the market and what aspects may need improvement.

4. Employee knowledge - Assessing the skills and expertise of employees can provide insight into whether the workforce is a strength or a weakness for the company.

Stock market trends are less directly related to evaluating internal strengths and weaknesses but can inform overall performance and market perception. Therefore, it is not typically considered in internal assessments of strengths and weaknesses.

So, the correct selections are:

• Production capability and flexibility
• Market demands
• Current products
• Employee knowledge