Final answer:
In answering how well a strategy fits a company's situation, management must consider environmental scanning, SWOT analysis, strategy implementation, and strategic fit assessment.
Step-by-step explanation:
In answering the question "how well does the strategy fit the company's situation," management must have deliberate plans for addressing such issues as:
- Environmental Scanning
- SWOT Analysis
- Strategy Implementation
- Strategic Fit Assessment
Each of these components plaays a crucial role in evaluating the suitability of a strategy for a company's situation. Environmental scanning involves analyzing external factors that may impact the company's strategy, while SWOT analysis focuses on identifying the company's strengths, weaknesses, opportunities, and threats. Strategy implementation involves developing plans and actions to execute the strategy effectively, and strategic fit assessment assesses the compatibility between the strategy and the company's situation.