Wednesday 14 September 2011

Mode of action

Strategic Management>Mode of action

Measuring the effectiveness of the organizational strategy, it's extremely important to conduct a SWOT analysis to figure out the internal strengths and weaknesses, and external opportunities and threats of the entity in business. This may require taking certain precautionary measures or even changing the entire strategy.
In corporate strategy, Johnson, Scholes and Whittington present a model in which strategic options are evaluated against three key success criteria:[3]

Suitability (would it work?)
Feasibility (can it be made to work?)
Acceptability (will they work it?)

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