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What criteria can be used to determine if a company has a winning business strategy?
Wiki User
∙ 12y ago
Whether the company is winning in the marketplace! whether its ahead of its competitors and growing
There are actually several strategies to building a winning business strategy:
Focusing on a niche market
Being a low-cost provider
Differentiation
Developing expertise or resource strengths in the industry
Determining if the business strategy is successful would depend on what strategy was implemented. The ability to increase market share and financial growth would be lag measure indicators that *something* was working, but that wouldn't necessarily indicate that the strategy is working.
One law which explains this is the law of unintended consequences. Consequences can be good or bad. A company could very well intend to differentiate itself, but inconsequentially capture a short-term "one-hit wonder", if you will.
Wiki User
∙ 12y ago
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What is aligning compensation strategy with HR strategy and business strategy?
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