The procedure for evaluating a diversified company's strategy involves all of the following steps except Multiple...
The procedure for evaluating a diversified company's strategy involves all of the following steps except
Multiple Choice
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checking whether the firm's resources fit the requirements of its present business lineup.
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assessing the competitive strength of each business the company has diversified into and determining which ones are strong or weak contenders in their respective industries.
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ranking the performance prospects of the various businesses from best to worst and determining what the corporate parent's priorities should be in allocating resources to its different businesses.
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checking the competitive advantage potential of cross-business strategic fit among the company's various business units.
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a determination of the degree of risk involved with each business unit.
Homework Answers
Correct option is: a determination of degree of risk involved with each business unit
while evaluating a diversified company's strategies following procedures shall be adopted:
- To take a view on quantity and quality of available resources and to check whether they are sufficient
- To know the powers and weaknesses of contenders of the industry and leading in competitive environment
- Ranking the performance according to the goals of the organisation
- Checking the Competitive advantage
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