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
- What is the relationship between consumer needs and product utility?(Solved)
What is the relationship between consumer needs and product utility?
Date posted: February 5, 2018. Answers (1)
- Enumerate four ways in which economic resources are useful to Kenyans(Solved)
numerate four ways in which economic resources are useful to Kenyans.
Date posted: January 31, 2018. Answers (1)
- On Monday, Albert inspected Betty’s car at her house in Rongai and offered to pay ksh 3,000,000 for it. Betty wanted Ksh 3,500,000. Later...(Solved)
On Monday, Albert inspected Betty’s car at her house in Rongai and offered to pay ksh 3,000,000 for it. Betty wanted Ksh 3,500,000. Later in the day, Betty wrote to Albert and stated that she would take Ksh 3,200,000. The letter was received by Albert at his home on Tuesday morning. At 4.00 pm on Tuesday afternoon, Albert at his office in Westlands wrote a letter to Betty accepting her offer. On his way to post the letter Albert met Cuthbert who told him, ‘I gather that Betty has finally sold her car.’ Betty had, indeed, sold the car. Albert posted his letter and, upon arriving home in Rongai, discovered a message on his answer phone from Betty. The message had been left at 3.00 pm; Betty had stated, ‘I withdraw my offer.’ Albert bought a similar car for Ksh 4,000,000.
Advise Albert.
Date posted: January 28, 2018. Answers (1)
- What is light pollution?(Solved)
What is light pollution?
Date posted: January 28, 2018. Answers (1)
- State circumstances under which a cheque may be dishonored.(Solved)
State circumstances under which a cheque may be dishonored.
Date posted: January 27, 2018. Answers (1)
- Discuss the type,functions and jurisdiction and compositions of Kenyan court(Solved)
Discuss the type,functions and jurisdiction and compositions of Kenyan court.
Date posted: January 26, 2018. Answers (1)
- Explain five disadvantages that a country may face if she restricted
trade with other countries(Solved)
Explain five disadvantages that a country may face if she restricted
trade with other countries
Date posted: January 26, 2018. Answers (1)
- Explain five guidelines that may be used by the government of a
country to promote efficient use of her resources. (Solved)
Explain five guidelines that may be used by the government of a
country to promote efficient use of her resources.
Date posted: January 26, 2018. Answers (1)
- Explain five methods of determining the price of a product other than price control(Solved)
Explain five methods of determining the price of a product other
than price control
Date posted: January 26, 2018. Answers (1)
- Explain five advantages of government involvement in business.(Solved)
Explain five advantages of government involvement in business.
Date posted: January 26, 2018. Answers (1)
- Explain five factors that may promote entrepreneurship in Kenya.(Solved)
Explain five factors that may promote entrepreneurship in Kenya.
Date posted: January 26, 2018. Answers (1)
- Outline four characteristics of services(Solved)
Outline four characteristics of services
Date posted: January 26, 2018. Answers (1)
- List four sources of public finance.(Solved)
List four sources of public finance.
Date posted: January 26, 2018. Answers (1)
- State reasons for the increased use of cell phones in banking(Solved)
State reasons for the increased use of cell phones in banking.
Date posted: January 26, 2018. Answers (1)
- Outline six circumstances in which the government may be involved in business(Solved)
Outline six circumstances in which the government may be involved in business.
Date posted: January 26, 2018. Answers (1)
- Outline six ways of reducing the level of unemployment in Kenya(Solved)
Outline six ways of reducing the level of unemployment in Kenya.
Date posted: January 26, 2018. Answers (1)
- State four effects of a shift of the demand curve to the right.(Solved)
State four effects of a shift of the demand curve to the right.
Date posted: January 26, 2018. Answers (1)
- Outline one circumstance under which each of the following telecommunication services may be used: (i) Paging(ii) Facsimile (fax) (iii) Radio call.(iv) Telex.(Solved)
Outline one circumstance under which each of the following
telecommunication services may be used:
(i) Paging
(ii) Facsimile (fax)
(iii) Radio call.
(iv) Telex.
Date posted: January 26, 2018. Answers (1)
- Highlight benefits of a business plan to an entrepreneur.(Solved)
Highlight benefits of a business plan to an entrepreneur.
Date posted: January 26, 2018. Answers (1)
- State external factors that may negatively influence the
operations of a business.(Solved)
State external factors that may negatively influence the
operations of a business.
Date posted: January 26, 2018. Answers (1)