Strategic Management and Business Policy - Essay Example

Secondly, the environment is becoming extremely complex with time; thus, placing the strategic evaluators at a fix of taking the correct actions (David, 2011). The variables are also increasing by the day.

The evaluators then face the challenge of taking the required measures to achieve success even in the long term. Lastly, David (2011) indicates that domestic and international events have not ceased to augment. Organizations are being affected by these changes to a great extent; thus, making it difficult to achieve strategic evaluation. These aspects have made the set strategies impossible to implement. Even with the constant search for information, strategic evaluation has not proven to be the best measure to curb the challenges that face organizations today.

David (2011) also says that these challenges have made strategic evaluations not assess its performance effectively, as well as take the right measures that would see the survival of the organizations. An analysis of the objectives of the strategic evaluators would be a perfect move to limit these challenges. Qs 2 For successful contingency planning, Rao, Rao & Sivaramakrishna (2009) recommend seven steps. The first step involves identifying the favorable and unfit factors that could lead to the set strategy failing (Rao, Rao & Sivaramakrishna, 2009).

Secondly, the authors indicate that is advisable to denote the factors that would elicit effects on the set strategy (Rao, Rao & Sivaramakrishna, 2009). This is to mean when the contingent events are expected to take place. Thirdly, an assessment of the implications of every contingent event is good for contingency planning (Rao, Rao & Sivaramakrishna, 2009). This step would place the planners in a good position to estimate the expected benefits and losses that could occur from the selected events. Lastly, Rao, Rao & Sivaramakrishna (2009) indicate that developing plans to counter the warning signs is appropriate for contingency planning. If these steps are adhered to, it is expected that contingency planning will succeed and prove useful for the organization.