Question

In answering the question "How well does the strategy fit the company's situation," management must be willing and ready to address such issues as:

a) Developing a sound business model and customer base.

b) Emergent strategy elements, deliberate strategy elements, and abandoned strategy elements.

c) Changing market conditions, development of internal capabilities and competencies, and allocation of financial resources.

d) Determining where the company is now and where does the company want to go.

Answer 1

When determining how well a strategy fits a company's situation, management needs to address factors such as developing a business model, adapting strategy elements, considering market conditions, and setting goals.

Step-by-step explanation:

When determining how well a strategy fits a company's situation, management must be willing and ready to address various issues:

1. Developing a sound business model and customer base: This involves creating a framework for how the company will operate and attract and retain customers.
2. Emergent strategy elements, deliberate strategy elements, and abandoned strategy elements: These refer to different components of a company's strategy that may need to be adjusted or discarded based on the situation.
3. Changing market conditions, development of internal capabilities and competencies, and allocation of financial resources: These factors influence how well a strategy aligns with a company's situation and require careful consideration.
4. Determining where the company is now and where it wants to go: This involves assessing the current state of the company and setting goals for the future.