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Assessing Strategy Formulation Worksheet

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Assessing Strategy Formulation Worksheet

The assessment provides a systematic way of rating your organization’s ability to formulate strategies.

Instructions

Below is a list of guidelines from Yukl, (p. 377) and David (p. 338) related to effective strategy formulation. Use the following scale to indicate the extent to which your organization incorporates these guidelines in their formulating strategic plans.

|0= not at all |3= to a great extent |
|1= to very little extent |4= to a very great extent |
|2= to a moderate extent | |

Step 1: Rate your organization’s strategy formulation process on the following: Not at Very Little Moderate Great Very Great all Extent Extent Extent Extent Rationale
Guidelines | | | | | | | |Determines long-term objectives and priorities. | 0 | 1 | 2 |3 | 4 | | |Assesses current internal strengths and weaknesses. | 0 | 1 | 2 |3 | 4 | | |Identifies core competencies | 0 | 1 | 2 |3 | 4 | | |Evaluates the need for a major change in strategy. | 0 | 1 | 2 |3 | 4 | | |Identifies promising strategies. | 0 | 1 | 2 |3 | 4 | | |Evaluates the likely outcomes of a strategy. | 0 | 1 | 2 |3 | 4 | | |Involves other executives in the selecting of a strategy. | 0 | 1 | 2 |3 | 4 | | |Examines sets of trends, not just individual trends. | 0 | 1 | 2 |3 | 4 | | |Responds to the external environment. | 0 | 1 | 2 |3 | 4 | | |Provides adequate resources to support the strategy. | 0 | 1 | 2 |3 | 4 | | |Provides a competitive advantage | 0 | 1 | 2 |3 | 4 | | |
Step 2: Using situational examples,

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