Strategies and Performance of a Business
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How would you analyze whether a strategy has failed or whether the corresponding action plans were ineffective?
How can you measure the performance of a company against its grand strategies?
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Solution Summary
The solution determines how you would analyze whether a strategy has failed or whether the corresponding action plans were ineffective.
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The key indicator that tells us whether a strategy has failed or whether the corresponding action plans were ineffective is the inability to meet planned goals and objectives in terms of revenues, profitability, market share, etc. Inability of the company to miss such targets on a regular basis clearly displays the failure of the implemented strategy.
Other factors that can be analyzed to ensure success of strategy are customer ...
Education
- BComm, University of Delhi
- Post Graduate Diploma in Management (Equivalent to MBA), All India Management Association
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