Explain the Importance of Strategy Evaluation in the Strategic Management

question 108

Essay

Explain the importance of strategy evaluation in the strategic management model.

---

Definitions:

Vertical Merger

A merger between two companies that operate at different levels within the same industry's supply chain.

Innovative Products

Products that introduce new features, functions, or designs that differ significantly from previous products and may offer new benefits to the consumer.

Larger Firms

Companies or enterprises that are significant in size, often having a large number of employees, operations, and market influence compared to smaller businesses.

Smaller Firms

Companies with a relatively small number of employees, market share, or revenue, often characterized by more flexible operations.