Evaluating Strategy (AQA A-Level Business): Quizzes
📚Quizzes
Practise the questions
10 questions from this quiz
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Practise the questions
10 questions from this quiz
What can happen if a business doesn't regularly evaluate its strategy?
What can happen if a business doesn't regularly evaluate its strategy?
It will waste time & resources
How often should businesses monitor their strategy implementation?
How often should businesses monitor their strategy implementation?
Continuously throughout implementation
What should managers check when monitoring implementation progress?
What should managers check when monitoring implementation progress?
Departments meet targets, timescales, budget
What does measuring performance against objectives involve?
What does measuring performance against objectives involve?
Comparing actual performance with the plan
What is strategic drift?
What is strategic drift?
Strategy less suitable due to external change
Which is an external factor businesses should monitor?
Which is an external factor businesses should monitor?
New competitors entering the market
Why must managers investigate when objectives aren't being met?
Why must managers investigate when objectives aren't being met?
To find out the reason & take action
What does market analysis help businesses check?
What does market analysis help businesses check?
If initial market assumptions were accurate
What is primary market research?
What is primary market research?
Collecting new data directly from customers
What do management information systems do?
What do management information systems do?
Collect & process data on current state