Discuss the problems involved in evaluating strategies
Answers
Explanation:
Evaluation is the last stage in the cyclic process of management. Strategic evaluation determines the areas of the strategic plan and measure their effectiveness afterwards. There are certain problems associated with this also;
Corrective actions;
It is not easy and simple to change the strategies altogether if they aren’t working well
Lack of interest;
When people don’t corporate with the strategic evaulations, correct results cant be obtained
Measurement;
It is difficult to benchmark the strategy with the efforts and willingness of the implementation people
Difficulties in Strategy Evaluation
1. Increase in environment complexity
2. Difficulty in predicting the future accurately
3. Increasing number of variables
4. High rate of obsolescence of even the best laid plans
5. Increase in domestic world events
6. Decreasing time span for planning certainty