Identifying Your Company’s Weaknesses

In my last post I talked about the importance of knowing the weaknesses of your company.  Every company has weaknesses no matter how good they think they are in conducting business.

Hopefully, you realize a company cannot address weaknesses unless they are identified.

Last month I asked, “what is the best way of finding out the weaknesses of your company?”  I didn’t receive responses from many of you, so I assume you’d like an answer to that question.

Well, the answer is “just ask.”

Now, that’s much easier said than done because most often employees will be more direct and candid with a consultant like me than with company management on issues of major importance.  So, to be fully assured of getting valid input, consider using an outside authority to conduct a strategic assessment. This means you will receive insight into problems and opportunities that will not normally arise through your normal communication channels.

Do you accurately and fully know all the weaknesses of your company?

If you cannot answer that question with a complete feeling of certainty, then you need to do something about finding out.  And, the best time is now so you start overcoming your weaknesses.

I’ve been asked to share some of the weaknesses we’ve found in the consulting engagements with our clients.

Here’s a list of some of the most common weaknesses:

  • Internal Communications;
  • Lack of Company Goals;
  • Lack of Employee Accountability;
  • Processes and Procedures;
  • Teamwork;
  • Management Reports; and
  • Strategic Planning.

How does your company compare to other companies in your industry?

If you don’t know, you need to find out.  I can help if needed, just like we’ve done with dozens of glass and glazing subcontractors throughout the United States.

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