How organizations develop strategies and monitor performance


Question: The article I assigned as a reading this week (Strategy-Making in Turbulent Times) suggests 5 ways in which organizations can develop strategies and monitor their performance. They are: (1) Define Extreme but Plausible Scenarios (2) Identify Strategic Hedges and Options (3) Run Experiments Before Locking in Investment (4) Identify Trigger Points, Signposts, and Metrics (5) Provide Prescriptive Surveillance The article has many examples from real life companies that did that. Pick any two of these scenarios. Consider a company that was NOT mentioned in the article. For example, let us pick Tesla. In 200-250 words each, explain how Tesla can use the two strategies you chose to improve its performance.

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Other Management: How organizations develop strategies and monitor performance
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