When implementing strategic monitoring, the key variables to monitor are of the following two types:
A)those concerned with external forces, and those concerned with the effects of certain actions taken by the business to implement the strategy
B)finance-based variables, product-based variables
C)competitor-based variables, internal-based variables
D)None of the given answers are correct.

Question

Quizplus · Accepted Answer

Strategic monitoring involves tracking both external forces that can impact a strategy's success and the effects of actions taken by the business to implement the strategy. This ensures that the strategy remains relevant and effective in the face of changing conditions and allows for adjustments as needed.

When Implementing Strategic Monitoring, the Key Variables to Monitor Are