Question
Internally and externally, different things can send shocks to an organisation's well-thought-out plan. From key employees suddenly getting extremely sick, even dying, through to new
Internally and externally, different things can send shocks to an organisation's well-thought-out plan. From key employees suddenly getting extremely sick, even dying, through to new government policies or even a scathing news story, there are all kinds of incidents that can impact on organisations.
If management lacks good instincts or fails to have the confidence to improvise, these happenstances can be detrimental, even fatal, to the organisation over the long haul. Suitability, feasibility and acceptability are three main criteria (generic testing criteria), which are applied to select and design suitable strategies to address governance challenges.
Critically discuss how these criteria may be applied to select and design suitable strategies to deal with challenges as described above?
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Entrepreneurship
Authors: Andrew Zacharakis, William D Bygrave
5th Edition
1119563097, 9781119563099
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