In evaluating proposed or existing strategies,managers should
A)evaluate the firm's business model at least every three years.
B)align existing strategies with new strategies to emphasize incremental gains.
C)scrutinize the company's existing strategies on a regular basis to ensure they offer a good strategic fit,create a competitive advantage,and contribute to an above-average performance.
D)plan and implement new initiatives regardless of whether or not these match the company's internal and external situation.
E)ensure core capabilities are incorporated for establishing a competitive advantage.

Question

Quizplus · Accepted Answer

Scrutinizing existing strategies on a regular basis helps ensure they align with the company's internal and external situation and contribute to an above-average performance. This can help identify any areas where current strategies may not be effective or need to be adjusted. Simply planning and implementing new initiatives without considering the company's current strategy or competitive advantage could lead to wasted resources or negative outcomes. Incorporating core capabilities is important for establishing a competitive advantage, but it is only one aspect of evaluating and developing successful strategies. The need to evaluate the firm's business model every three years may vary depending on the industry and competitive landscape. Aligning existing and new strategies for incremental gains can be part of the evaluation process, but it should not be the sole focus.

In Evaluating Proposed or Existing Strategies,managers Should