Which of the following is not accurate as concerns the task of identifying the strategic issues and problems that merit front-burner managerial attention? Only after managers have first done serious strategic thinking about the items on the worry list are they truly prepared to pick and choose among the alternative strategic actions and initiatives and otherwise fashion an overall strategy that fits the company's circumstances and addresses all the items on the worry list. Zeroing in on exactly which strategic issues/problems company managers need to worry about and consider entails drawing on an evaluation of the company's own resources and ability to compete successfully (the answers to the first five questions in this chapter) to The purpose of compiling a worry list is to create an agenda of items that merit top-priority managerial consideration before attempting to craft a strategy well-suited to the company's overall situation. Identifying the strategic issues and problems that the company faces is the first thing that company managers need to do before starting to analyze the company's external environment, resources, capabilities, and overall competitiveness. Zeroing in on exactly which strategic issues company managers need to worry about and consider entails using the assessment of the company's external environment (the answers to the six questions posed in Chapter 3) to compile a "worry list" of "how to..," "whether
Answer
Ans: Identifying the strategic issues and problems that the
company faces is the first thing that company managers need to do
before starting to analyze the company's external environment,
resources, capabilities, and overall competitiveness.