Final answer:
Evaluating implemented strategies involves a systematic review against objectives and corrective actions for those not meeting desired outcomes. This could involve modifying the strategy, reallocating resources, or exploring alternative strategies through research and testing.
Step-by-step explanation:
Evaluating the success of implemented strategies within a business requires a systematic approach to review outcomes against set objectives. This typically involves collecting and analyzing data related to the performance of each strategy. If certain strategies are not producing the intended outcomes, it is crucial to identify the reasons behind this underperformance through data analysis, feedback from stakeholders, and reviewing the relevance of the strategy in light of any changes in the market or organizational context.
Once underperforming strategies are identified, it is necessary to take corrective actions. These actions may include modifying the existing strategy, increasing resources to support the strategy, changing the approach to execution, or providing more training and support to those responsible for implementing the strategy. If strategies persist in failing to meet the objectives, it may be necessary to develop alternative strategies that are more aligned with the current environment.
Identifying alternative strategies can involve brainstorming new ideas, researching industry best practices, consulting with external experts, or running pilot programs to test the potential success of new approaches before full implementation.