Thursday, April 8, 2010

Process of strategic choice

Process of strategic choice
  • Cultural and political factors of the organization influence strategic choice.
  • Strategic choice should be consistent with or build on past strategic that have worked well.
Strategic choice results in selection of corporate,business and functional level strategy.
  • Mutually exclusive :Strategic option should be mutually exclusive.It must stand on its own.
  • Success :The strategic option should have a good probability of success.It should be implementable.It should have sustainable strategic advantage.
  • Completeness :The strategic option should take into account all the strategic issues.It should be complete.
  • Internal consistency :The strategic option should not contradict vision,mission and objectives of the organization.
  • Strategic gap :It is the gap between current and future desired performance.The strategic option should help fulfill this gap.

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