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Business & Marketing
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Assignment 4. Internal Factor Analysis for Cochlear Company
Essay Instructions:
Internal Factor Analysis for Cochlear Company
Essay Sample Content Preview:
You need to have 10 max factors ,5 max strengths, 5 max weakness
Internal Factor Analysis for Cochlear Company
Name
Institution
Internal Factor evaluation for Cochlear Company
Introduction
Cochlear Company deals with hearing gadgets that are implanted in persons who have hearing disabilities. The company has been successful following its proper analysis of all the factors that affects its operations. For the success of the company to be achieved, various factors, both external and internal, need to be analyzed in order to identify the strengths and the weaknesses of the company. In the previous assignment, external factors affecting Cochlear Company were discussed in details. However, for this assignment, we are going to carry out an internal factor evaluation of the company to identify various strengths and weaknesses affecting the operations of this company. The company has been constantly improving in terms of its services including technological advancements. In most cases, the success of a company is directed towards strategies that have been laid by the particular business organization towards meeting its objectives. However, there are several challenges that might influence the operations of a company either directly or indirectly. Factors influencing the operations of the business organization indirectly are the external while those that influence the organization directly are termed as internal factors. For Cochlear Company, various internal factors that have been found to be influencing the business operations in the company include financial factors, human resources, and technology.
Cochlear Company Internal Factor Analysis Matrix
Internal Factors
STRENGTHS (S)
WEAKNESS (W)
Advanced Technology
High capital invested
Financial Factors
Lack of financial support
Availability of human resources
Understaffing at many levels
Good Management
Underfunding various projects
Early Establishment
High wages and salaries
Strengths
Technology
Over the years, the company has been experiencing several technological improvements that have facilitated its operations as far as hearing gadgets are concerned. A comparison between the initial hearing implants that were used by the company to solve hearing problems in the past years has greatly been modified to increase on their efficiency and effectiveness. On the same note, the company has been working towards improving their general services to the customers by making relevant technology advancements geared towards bettering the services(Colburn, 2018). Apparently, the technological advancement in the company is its strength, since the activities carried out in the company have been improved to meet the expectations of the patients. Some of the technological advancements that have been achieved by the company include the adoption of information keeping methods that utilize the electronic information dissemination procedures, modification of hearing gadgets to improve on their efficiency, and the introduction of new gadgets that are implanted in human ear to solve the hearing problems for the individuals. Due to the improvement in ...
Internal Factor Analysis for Cochlear Company
Name
Institution
Internal Factor evaluation for Cochlear Company
Introduction
Cochlear Company deals with hearing gadgets that are implanted in persons who have hearing disabilities. The company has been successful following its proper analysis of all the factors that affects its operations. For the success of the company to be achieved, various factors, both external and internal, need to be analyzed in order to identify the strengths and the weaknesses of the company. In the previous assignment, external factors affecting Cochlear Company were discussed in details. However, for this assignment, we are going to carry out an internal factor evaluation of the company to identify various strengths and weaknesses affecting the operations of this company. The company has been constantly improving in terms of its services including technological advancements. In most cases, the success of a company is directed towards strategies that have been laid by the particular business organization towards meeting its objectives. However, there are several challenges that might influence the operations of a company either directly or indirectly. Factors influencing the operations of the business organization indirectly are the external while those that influence the organization directly are termed as internal factors. For Cochlear Company, various internal factors that have been found to be influencing the business operations in the company include financial factors, human resources, and technology.
Cochlear Company Internal Factor Analysis Matrix
Internal Factors
STRENGTHS (S)
WEAKNESS (W)
Advanced Technology
High capital invested
Financial Factors
Lack of financial support
Availability of human resources
Understaffing at many levels
Good Management
Underfunding various projects
Early Establishment
High wages and salaries
Strengths
Technology
Over the years, the company has been experiencing several technological improvements that have facilitated its operations as far as hearing gadgets are concerned. A comparison between the initial hearing implants that were used by the company to solve hearing problems in the past years has greatly been modified to increase on their efficiency and effectiveness. On the same note, the company has been working towards improving their general services to the customers by making relevant technology advancements geared towards bettering the services(Colburn, 2018). Apparently, the technological advancement in the company is its strength, since the activities carried out in the company have been improved to meet the expectations of the patients. Some of the technological advancements that have been achieved by the company include the adoption of information keeping methods that utilize the electronic information dissemination procedures, modification of hearing gadgets to improve on their efficiency, and the introduction of new gadgets that are implanted in human ear to solve the hearing problems for the individuals. Due to the improvement in ...
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