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1. Determining environmental sustainability
It analyses the extent to which a proposed strategy suits the event, and how well it would improve the company’s competitive advantage. Factors to consider include price, consumers’ willingness to make a purchase, product or service quality, distribution channels, public relation, after-sale services. Sustainability also includes customer needs, demands, and priorities to consider in ensuring a going concern for the business enterprise.
2. Evaluating the rate of acceptability
For any firm to attain its primary objective of maximizing profits and shareholders wealthy, customers must accept the products or services produced and distributed. The same case applies to strategies; stakeholders must accept a strategy for it to be effective. For example, the recent strategies by the Kenyan government to get private firm takeover the managerial roles in public entities have attracted oppositions from the labor unions and other shareholders. As a result, the strategies have turned out to be ineffective
3. Feasibility or resource utilization
The success of any strategy depends on the available resources. Corporate performance can be evaluated depending on the financial, personnel, among other resources required to successfully implement a strategy. Other considerations include capital, technological know-how, machinery and equipment to accomplish all necessary activities.
simpleman Anto answered the question on February 8, 2018 at 11:45
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