3 Demands for an Effective Strategy


 
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3 Demands for an Effective Strategy
Marten van der Zee, Student (University), Netherlands, Premium Member
According to Ruud Frambach and Edwin Nijssen there are three demands that must be met for a strategy to be effective:
1. The strategy must contain a clear choice. It has to give information about the position the company will take in the market.
2. The strategy should have a good connection to the surrounding environment and to changes in the environment. Dependent of the speed and the influence of different developments/changes in the environment, the organization has to be more flexible. If the strategy is not adjusted properly to the developments, the organization will lose terrain to competitors.
3. Strategy must be legitimized by the most important stakeholders of the company. A positive response of these stakeholders is essential for the support of the strategy. Stakeholders can be inside or outside the company. Insid...Sign up
 

 
Effective Strategy also Requires Resources
FAYEZ, Management Consultant, Saudi Arabia, Member
Yes, the strategy should have a clear choice and also it should have the required resources to get to the desired position.
Such resource could b...Sign up
 

 



















 


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