Why has strategy evaluation become so important in business today?

3.7k views5 Comments

Digital Transformation Executive in Software, 10,001+ employees
With stakeholders expecting more from companies and sustainability becoming a priority, evaluation helps align strategies with long-term goals and social responsibility. By fostering a culture of continuous improvement, businesses can refine their approaches and stay agile in the face of challenges.
CTO in Healthcare and Biotech, 11 - 50 employees
Without a strategy, any business will direct its efforts toward a business that will eventually fail. It is as if a chess grandmaster would go to play against an opponent who knows nothing at all, how does it play? what are the patterns it has when certain situations are in place? etc.

Knowing where to walk/when/how in a chosen path is a strategy that all business that has success in their DNA will do always.
VP Information Security Assurance, 10,001+ employees
think about Reactive Vs proactive
with a well thought of yet agile strategy (needed for dynamically changing world) helps navigate the path forward with a purpose and direction. Plan the work and work the plan. Having the strategic plan helps being proactive
Chief Information Security Officer in Healthcare and Biotech, 1,001 - 5,000 employees
I believe, strategy evolution is always a mandatory requirement for any business days. Now it become more formal. 
Director of IT, Self-employed
Strategy evaluation has become increasingly important in today's business environment for several reasons:

Rapid Technological Advancements: Technology is evolving at an unprecedented pace. Strategies that were effective yesterday may become obsolete quickly. Frequent evaluation allows businesses to adapt and leverage new technologies for competitive advantage.

Globalization: In a globalized economy, businesses face competition from around the world. Strategy evaluation helps identify emerging global trends, assess international market dynamics, and adjust strategies accordingly.

Changing Customer Expectations: Customer preferences and expectations change rapidly. Regular strategy evaluation ensures that a company's offerings align with customer needs, enhancing customer satisfaction and loyalty.

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