Final answer:
A company's strategic situation is shaped by its overall strategic plan, competitive setting, internal strategic functions like HR, and organizational performance.
Step-by-step explanation:
The company's strategic situation is impacted by its strategic plan, the competitive environment it operates in, its Human Resources (HR) and other strategic functions, as well as the overall organizational performance. A strategic plan provides the company with a road map for its future operations and goals. The competitive environment influences the company's strategies due to the actions of competitors, market conditions, and customer preferences. HR and strategic functions are crucial for executing the strategic plan and ensuring the company has the talent and resources necessary to succeed. Finally, the organizational performance indicates whether the company's strategies are effective and informs future strategic decisions.