CRAFTING AND EXECUTING STRATEGY ETEXT
CRAFTING AND EXECUTING STRATEGY ETEXT
22nd Edition
ISBN: 9781260916850
Author: Thompson
Publisher: MCG
Question
Book Icon
Chapter 4, Problem 1LO
Summary Introduction

To analyse: The effectiveness of company’s current strategy.

Expert Solution & Answer
Check Mark

Explanation of Solution

While evaluating the effective of company’s present strategy a manager should evaluate the following,

The first thing is to study is company’s competitive approach. There exist three best indicators for measuring the effectiveness of company’s strategy they are,

  • To know whether the financial performance of company is better than industry averages,
  • Whether the company is gaining customers and through this, it tries to increase its market share,
  • Whether the company is achieving its financial objectives and goals that were stated in a particular year,

Some of the specific indicators include trends in stock price and company’s sales and growth in earnings, customer retention rate and to know overall financial strength of a company.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!
Students have asked these similar questions
Will you believe that getting a solid strategy would ensure the organization's success?
Which types of businesses should regularly reevaluate their strategy?
Why is a company's strategic map important to create?
Knowledge Booster
Background pattern image
Recommended textbooks for you
Text book image
Principles of Management
Management
ISBN:9780998625768
Author:OpenStax
Publisher:OpenStax College