3 steps of evaluating business strategy options

Description:

The image is a PowerPoint slide titled "3 Steps of Evaluating Business Strategy Options." It visually presents a cyclical process for strategy evaluation in three segments:

1. Feasibility:

This section assesses whether the business has the resources required to implement the strategy. It prompts further elaboration with "Text Here."

2. Suitability:

This examines if the strategy makes economic sense, also providing a space for additional text.

3. Acceptability:

This area considers if the strategy meets the expectations of stakeholders concerning performance outcomes, with a place for more detailed text.

Use Cases:

This evaluative framework is relevant across a wide array of sectors:

1. Technology:

Use: Assessing new product development strategies

Presenter: Chief Technology Officer

Audience: Management Team

2. Healthcare:

Use: Evaluating the implementation of new healthcare services

Presenter: Healthcare Administrator

Audience: Hospital Board

3. Finance:

Use: Determining the viability of new financial products

Presenter: Financial Analyst

Audience: Investment Committee

4. Education:

Use: Planning new educational programs or curricula

Presenter: Academic Dean

Audience: Educational Staff

5. Retail:

Use: Strategic planning for market expansion or product lines

Presenter: Retail Strategy Manager

Audience: Business Unit Heads

6. Hospitality:

Use: Deciding on investment in new properties or services

Presenter: Director of Development

Audience: Investors, Shareholders

7. Manufacturing:

Use: Evaluating the expansion into new markets or production capabilities

Presenter: Operations Director

Audience: Strategic Planning Team