Recognizing and acknowledging the strengths and weaknesses of an organization is crucial to determining the further path toward its success in the target setting. World Vision, an organization created to support the children in need and supply them with vital resources, has been striving to improve its services and remain helpful. World Vision has been supported extensively by its key donors and achieved success in its fundraising endeavors, which suggests that the organization has a rather strong potential (“Our work,” 2021). Moreover, its excellent communication strategy allows World Vision to meet its goals effectively.
Weaknesses
However, with the recent challenges observed globally due to the pandemic and the associated issues, World Vision may need a more resilient approach to managing its performance. Additionally, the underdeveloped supply chain of World Vision represents quite a problem (“Foundations team strategic refresh,” 2020). The specified issue is a direct effect of the lack of support from business partners, which means that World Vision will need to expand its range of collaboration practices (Author, 2021a). Finally, the continuous drop in donations represents a tangible threat.
Opportunities
World Vision could use a chance to build new initiatives that could attract potential donors and sponsors. By making these events annual, World Vision could set the stage for the continuous and reliable financial support (Author, 2021b). Moreover, further collaboration with organizations operating in the specified area represents an opportunity.
Threats
However, world Vision may also face quite a range of threats unless the weaknesses identified above are addressed. Specifically, the lack of financial support from its donors will entail a financial collapse for World Vision. Furthermore, the low entry barrier for similar organizations suggests that World Vision is likely to face quite stiff competition rather soon. Currently, World Vision has been struggling to maintain a competitive advantage among organizations such as WVUS, USAID, STC, CRS, CARE, MERCY, and REDX (Save the Children, n.d.; Mercy Corps, n.d.; Compassion, n.d.). Given their long-lasting presence in the target market, World Vision will need a major competitive advantage to remain in the selected economic context. Therefore, World Vision will require a resilient and reliable business strategy to retain its financial sources and introduce new ones.
Reference
Compassion. (n.d.). About us. Web.
Author. (2021a). Competitive landscape and analysis. Unpublished manuscript. Course, University, Country.
Foundations team strategic refresh. (2020). WordlVision.
Mercy Corps. (n.d.). What we do. Web.
Our work. (2021). WordlVision.org. Web.
Save the Children. (n.d.). What we do. Web.
Author. (2021b). Team SWOT analysis. Unpublished manuscript. Course, University, Country.