BMIS – L1 – SA – Q5.3 – Introduction to business strategy

When assessing a strategy, management should particularly review its:

A   suitability, acceptability and feasibility

B   long term financial returns

C   core growth prospects

D   impact on product development and potential market share impact

A

Explanation:

Assessing a strategy involves evaluating its suitability (fit with the organization’s context), acceptability (stakeholder approval), and feasibility (practicality of implementation). The answer document confirms option A as the correct choice. Options B, C, and D focus on specific outcomes or aspects (financial returns, growth, product development) but do not encompass the comprehensive criteria used for strategy assessment.