Get premium membership and access questions with answers, video lessons as well as revision papers.

Constraints Faced In Strategy Formulation

      

Constraints Faced In Strategy Formulation

  

Answers


Faith
i) Availability of financial resources to implement a strategy.
ii) A manager should consider sources of funds while formulating a new strategy.
iii) The attitude of Company towards risks some Company is willing to accept only
minimal risks and acceptable strategies should be limited to those that expensive the firm to real risks.
iv) Organizational capabilities; Strategies require capability beyond those that the firm currently process kept this in mind when accepting a strategy.
v) Channel relationship; Strategies that call for development of new channel of distribution or that involves new supplies may require reconsideration on the availability and willingness to work with the firm.
vi) Competitive relationship; May have some oversee effect of increasing competition in the marketing place this should be considered when accepting strategies in management.
Titany answered the question on October 19, 2021 at 12:52


Next: Types Functional Strategies
Previous: The Boston Consulting Group (BCG) Growth Share Matrix

View More Strategic Management Questions and Answers | Return to Questions Index


Learn High School English on YouTube

Related Questions