Question

3. How would you determine if a company's present strategy is working effectively? Please describe the process in assessing a firm's strategic and financial performance.

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Answer 1

If I have to assess the firm strategy is working effectively than two things I will do.

1) I will go meet his employees and find about how firm is treating them and paying them. I will check about what are the employee benefits and program that firm is taking care. The main reason to do so is because if a firm employee is not happy with the firms way of treating them than it is a clear indicator that some day firm will fail.

2) I will see the firms month on revenue and financial performance. I will take financial follow up report every quarter to see that firm is not cheating me with monthly report. I will check Balance sheet of two years and see the firms turn over as it will help to understand if there is any improvement in its performance. If I want I will ask an auditor to conduct so that I will get a detailed report on both financial and it's performance in other aspects.