Microsoft Word is a powerful word processing program that can type, edit, and print text. It gives adequate control over typographic design and presentation. Microsoft Word also has rudimentary visual design, statistical report, spelling, and grammar checking features. These and many other capabilities and facilities set Word apart from other word processing programs and mechanical devices like typewriters.
The Value of Microsoft Word

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Microsoft Word is useful for writing letters, memos, reports, term papers, and typesetting books and periodicals.

Microsoft Word has specialized tools for formatting your document, spelling and grammar check, in-built thesaurus for finding synonyms for repetitive words/phrases, and word count feature for a statistical report. drawing and graphics editing capabilities to add images to your documents; audio and video handling tools to add multimedia features; several wizards and tools for making and delivering merged faxes, form letters, labels, and envelopes, etc.

Microsoft Word is great for mass text creation.

Word makes mailing lists, customizable documents, and newsletters easy.

It lets you send documents for group feedback.

Word offers customized help in numerous ways.

You can import files and objects from other programs into Word.

Word may also export documents to Lotus Notes, WordPerfect, etc.

Etc.