BUSINESS ADMINISTRATION
STRATEGIC MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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He suggested that three questions should be the central to the challenge of strategy evaluation.
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Rumetl
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Rumelt
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Romelt
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Rumilt
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Explanation:
Detailed explanation-1: -Richard Rumelt offers four criteria in strategy evaluation, namely “consistency, consonance, feasibility, and advantage” (David, 2011, p. 288), two of which are discussed below. Consistency, in Rumelt’s criteria, states that a strategy must not have conflicting goals and objectives.
Detailed explanation-2: -Strategy-Making in Three Modes-Henry Mintzberg, 1973.
Detailed explanation-3: -The CEO and the senior leadership team must own the strategic plan. The board’s job is to monitor progress and hold the CEO accountable for results.
There is 1 question to complete.