Which of the following steps in the process of implementing strategic monitoring takes place at periodic intervals when the firm evaluates its performance to date along with major changes in the external environment?
A)Tracking and monitoring
B)Strategy reassessment
C)Identifying key variables
D)Taking corrective action

Question

Quizplus · Accepted Answer

The step that takes place at periodic intervals when the firm evaluates its performance to date along with major changes in the external environment is strategy reassessment. This step involves reviewing the current strategy, assessing its effectiveness, and making adjustments as necessary based on changes in the internal or external environment. Tracking and monitoring, identifying key variables, and taking corrective action are all important steps in strategic monitoring, but they do not specifically relate to the periodic reassessment of the firm's strategy.

Which of the Following Steps in the Process of Implementing