Strength and Weakness In Business

                      

  Strength and Weakness In Business

Businesses thrive not just by building on their strengths but also by weakening their weaknesses. 

It is easier to focus on strengths for achieving success in business. 

Equally or more important is to focus on the areas of improvement in the organisation by identifying inherent weaknesses. 

Weaknesses have the potential to outdo strengths and undo the successes earned out of strengths. 

Hence improving upon the weaknesses in a Business or Organisation is of paramount importance. 

This is easier said than done. 

Because many businesses are not even aware of their weaknesses... sometimes even their hidden strengths..... 

Especially in Small businesses. 

Afterall, not many small businesses have think tanks in their team. 

Even when they have such brains in the team, and the areas of improvements are pointed out, acceptance by the management is a challenge. 

Even when the management acknowledges such requirement of improvements, many a time, they don't execute  them for various reasons. 

Fear, is the uppermost among them.... 

Fear of impacts arising out of changes which are required to implement them;

Fear of upsetting the applecart leading to adverse effects. 

Moreover, Many look for short term solutions to chronic or perennial problems. 

Solutions to Chronic problems take longer time.

 Many are not ready to accept and implement suggested changes that may be required for improvement. 

What is not realised is, if the required change is not implemented at the right time,  they will be forced to change; and in most cases, it will turn out to be more expensive and more difficult  than when done at the right time.  

Hence it makes a better business sense to 

1. Refine and  enhance existing strengths 

2.  Work on the weaknesses

In short, Strengthen the strengths and weaken the weaknesses...