Free ACCA & CIMA online courses from OpenTuition
Free Notes, Lectures, Tests and Forums for ACCA and CIMA exams
Post and read comments and Instant poll >>
February 17, 2023 at 3:26 pm
Thanks for guiding us through all the stages in the strategic planning process.
I have a question regarding strategic choice. If I follow the Rational model planning process strictly, it seems logical that an organisation should consider the external environment, stakeholders interest and internal capabilities (i.e. the strategic position) before deriving at strategic options. For instance, if an organisation has a rather weak IT infrastructure or lack of IT expertise, then it most likely wouldn’t come up with a strategy option to say, develop a new highly advanced AI-driven product to a new market. My question is then why do we come back to reviewing the strategic position again (using the SAF model) when deciding which strategic option or mix of options to go for?
I tend to think of the SAF model as a tool to assist management in ‘re-checking’ or ‘re-confirming’ that the strategic choice(s) to go ahead with ties in well with the organisation’s strategic position. Is this the correct understanding?
Thanks in advance for your guidance!
You must be logged in to post a comment.