How well is the Company’s Present Strategy Working

Question

How well is the Company’s Present Strategy Working?

Answer 1

a. In determining how well a company’s present strategy is working, a manager has to begin with what the strategy is.

b. Identifying the Components of a Single-Business Company’s Strategy, explains the important parts of a single-business company’s strategy.

c. The first obsession to pin down is the company’s competitive approach.

d. Another strategy-defining consideration is the firm’s competitive range within the industry

e. Another fine indication of the company’s strategy is whether the company has complete moves recently to enhance its competitive position and performance.

f. While there is plus point in determining the strategy from a qualitative standpoint (its internal consistency, rationale, completeness, and relevance), the best quantitative proof of how well a company’s strategy is working comes from its outcomes.