Tag (SQ): Geocentrism

(a) Strategy evaluation is a key aspect of the strategic management process. It allows management to assess the efficiency and effectiveness of the chosen strategies before their implementation.

Required:

Discuss the following criteria for evaluating corporate strategic options.

(i) Suitability

(ii) Acceptability

(iii) Feasibility                                                                                                                                                                                                                                                                                                                                                                                                                                                                    (b)

Management perception about the global environment is an important factor in shaping its orientation or philosophy in developing a general strategic profile in the international arena.

Required:

Identify and explain FOUR management orientations in the management of international business.