1. How often should an organization’s vision/mission be changed in light of strategy evaluation activities?

Vision and Mission are described as the guiding forces and cornerstones of an organization. Considering an ongoing
strategy evaluation activities, vision and mission statements must be revisited and examined on a regular basis to
guarantee that it is aligned, and it accurately conveys the goals of the company. If the organization stays and
continues with the same goals, then they do not need to change the vision and mission statement. However, in the
event where the goals of the organization substantially shift or in the event where business develops and expands,
then the organization may update or change the statements due to the additional factors as changes in internal or
external environment occur.

2. Why has strategy evaluation become so important in business today?

Strategy Evaluation became an integral part of an organization’s success and well-being. With strategy evaluation,
organizations can identify strategies or set of plans that are efficient and effective in relation to their objectives.
Additionally, this process enables the organization to address its weak areas by making informed decisions about
future courses of action or planning how it will be improved. Moreover, strategic evaluation promptly alerts the
management to potential problems that could arise, provides criteria and benchmarks for measuring the performance
of strategies, and helps carry out corrective action.

3. Under what conditions are corrective actions not required in the strategy-evaluation process?

According to the module, corrective actions are usually always needed except in two circumstances wherein the
external and internal factors have not significantly changed and the firm is moving effectively and satisfactorily
toward accomplishing its goals and objectives.

4. Identify two types of organizations that may need to evaluate strategy more frequently than others. Justify
your choices.

I think the type of organizations that require more frequent strategy evaluation are the large and complex
organizations such as large manufacturers or retailers, financial services, hospitals, multinational companies, and
others. These businesses have numerous functional areas and various divisions that are difficult to coordinate and
integrate plans. Unlike small companies that can easily communicate with each other and detect results of a plan,
large companies need frequent extensive evaluation of strategies to gather, communicate and assess information.

5. Strategy evaluation allows an organization to take a proactive stance toward shaping its own future.
Discuss the meaning of this statement.

The definition of proactive is aiming to generate a good result or taking steps to avoid problems. Strategy evaluation
enables an organization to be proactive in defining its future

because it allows the organization to evaluate the feasibility of a plan, consider whether these strategies correspond
with the organization's goals, detects potential problems, and improves the organization's ability to adjust effectively
to changing circumstances. Organizations are proactive in this way because if a major event takes place, the
organization has already anticipated and prepared a response based on this extensive process.