What are the facets of organization condition strategically

Question

What are the facets of the organization’s condition strategically?

Answer 1

Managers are not ready to take action wisely in steering an organization in a diverse direction or changing its strategy until they have a bottomless understanding of the organization’s condition.

This understanding needs thinking strategically about two facets of the organization’s situation:

a. The industry and the competitive environment in which the company works and the forces acting to redesign that environment and the forces acting to redesign this environment

b. The organization’s personal market position and competitiveness — its capabilities and resources, its weaknesses and strengths vis-à-vis rivals and its windows of opportunities.