A company's strengths and weaknesses can significantly affect its competitive position. Strengths such as a strong brand, unique value proposition, or efficient operations can give a company a competitive edge, allowing it to provide superior value to customers or operate at a lower cost. On the other hand, weaknesses such as poor customer service or lack of innovation can put a company at a competitive disadvantage, making it harder to compete effectively. Understanding these strengths and weaknesses can help a company identify opportunities for improvement and potential threats from competitors.
Evaluate your position in the market and familiarize how you compare against competitors to do more...
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