11. Strategy evaluation is necessary because
(A) internal and external factors are constantly changing.
(B) the SEC requires strategy evaluation.
(C) competitors change their strategies.
(D) the IRS requires strategy evaluation.
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Answer:
(A) Internal and external factors are constantly changing
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Strategy evaluation is important because internal and external factors are constantly changing.
Explanation:
- Strategy evaluation is important because internal and external factors are constantly changing.
- Measurement of performance is a necessary step in the strategic evaluation process because it provides a summary of the outcomes achieved relative to the created milestone.
- Strategy Evaluation is very significant because it puts light on the efficiency and effectiveness of the plans in achieving the desired results.
- The strategy must be evaulated in the dynamic world with socio-economic, political, and technological innovations.
- Internal and External factors keep constantly changing, so evaluation is necessary.
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