Strategy evaluation is necessary because

Question

Quizplus · Accepted Answer

Strategy evaluation is necessary because internal and external factors are constantly changing. This means that the effectiveness of a strategy can diminish over time, making it necessary to reevaluate and make adjustments accordingly. Additionally, changes in the competitive landscape and new opportunities or threats may also require a reevaluation of the firm's strategy. Finally, firms have limited resources, so it is important to ensure that resources are being used effectively and efficiently, which requires ongoing evaluation. The SEC and IRS do not require strategy evaluation, and while competitors may change their strategies, this alone is not a sufficient reason for strategy evaluation.

Strategy Evaluation Is Necessary Because