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28 April, 13:11

During the final stage of developing and implementing a company strategy, what factors often cause the company to adjust its objectives or mission statement?

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Answers (1)
  1. 28 April, 16:19
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    - technology forces in strategic management

    -change in executive management

    -competition from other businesses

    -transformation in organizational structure.

    Explanation:

    -company can Change strategy due to availability or lack of adequate technological capabilities.

    - reshuffling board of directors can lead to change in objectives due to change of views by director.

    -anticipated competition from target market can facilitate review of objective in other to induce competitive advantage.

    - additional structural transformation such as mergers and expansion to some other market can necessitate adjustment of objective to realign the mission of organization.
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