Identifying the strategic issues a company faces and compiling a "worry list" of problems and roadblocks is an important component of company situation analysis because:
A) without a precise fix on what problems/issues a company confronts,managers cannot know what the industry's key success factors are.
B) the "worry list" sets the management agenda for taking actions to improve the company's performance and business outlook.
C) without a precise fix on what problems/roadblocks a company confronts,managers are less clear about what value chain activities to benchmark.
D) the "worry list" helps company managers clarify their thinking about how best to modify the company's value chain.
E) these issues and obstacles must be cleared before management can focus clearly on what is the best strategy for the company to pursue.

Question

Quizplus · Accepted Answer

The "worry list" helps management prioritize which issues and roadblocks are most important to address and sets the agenda for improving the company's performance and outlook. This allows managers to focus their efforts and resources on the most critical areas, which is crucial for developing and executing a successful strategy. Without a clear understanding of the issues facing the company, it is difficult to make informed decisions and prioritize actions.

Identifying the Strategic Issues a Company Faces and Compiling a "Worry