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Strategy Development Process: How does the organization formulate its strategy?
1) Does the organization have a strategic plan?
Yes (1 point)   No (0 point)
 
2) Strategic Planning Process and Procedures (Multiple Choices)
i. No defined process or procedure
Yes (1 point)   No (0 point)
 
ii. Have a Well-defined strategic planning process and schedule
Yes (1 point)   No (0 point)
 
iii. Clearly identified participants
Yes (1 point)   No (0 point)
 
3) Strategic information collection (Multiple Choices)
i. No information collected
Yes (1 point)   No (0 point)
 
ii. Information on political and regulatory factors
Yes (1 point)   No (0 point)
 
iii. Information on the economic and financial environment
Yes (1 point)   No (0 point)
 
iv. Information on social demographic changes
Yes (1 point)   No (0 point)
 
v. Information on scientific and technological developments
Yes (1 point)   No (0 point)
 
vi. Information on industry, market, and customer changes
Yes (1 point)   No (0 point)
 
vii. Information on competitors
Yes (1 point)   No (0 point)
 
viii. Information on technological advancements and innovations in products, services, and operations
Yes (1 point)   No (0 point)
 
ix. Information on supply chain disruptions, technological adaptation, and fluctuations in market demand
Yes (1 point)   No (0 point)
 
x. Information on human resources critical for achieving strategic objectives
Yes (1 point)   No (0 point)
 
4) Comprehensive Competitiveness Analysis (Multiple Choices)
i. No comprehensive evaluation of core competencies has been conducted
Yes (1 point)   No (0 point)
 
ii. Establish a routine assessment of core competencies and capabilities, encompassing internal and external factors
Yes (1 point)   No (0 point)
 
iii. Gather insights on competitors
Yes (1 point)   No (0 point)
 
iv. Acquire information on suppliers and strategic partners
Yes (1 point)   No (0 point)
 
v. Implement mechanisms for ongoing evaluation of product and service performance, market dynamics, and customer feedback
Yes (1 point)   No (0 point)
 
vi. Cultivate a deep understanding of customer preferences and needs through regular feedback and market surveys
Yes (1 point)   No (0 point)
 
vii. Regularly evaluate innovation and research capabilities, aligning offerings with market needs for sustained competitiveness.
Yes (1 point)   No (0 point)
 
viii. Assess employee roles and competencies to pinpoint potential skill gaps and training needs for talent development
Yes (1 point)   No (0 point)
 
5) Strategic opportunities (Multiple Choices)
i. Failure to recognize strategic opportunities
Yes (1 point)   No (0 point)
 
ii. Identification of political and regulatory opportunities
Yes (1 point)   No (0 point)
 
iii. Identification of opportunities linked to the economic environment
Yes (1 point)   No (0 point)
 
iv. Identification of opportunities associated with social change
Yes (1 point)   No (0 point)
 
v. Identification of opportunities in the realm of science and technology development
Yes (1 point)   No (0 point)
 
vi. Recognition of industry, market, and customer-focused opportunities
Yes (1 point)   No (0 point)
 
vii. Identification of opportunities to counter competitors
Yes (1 point)   No (0 point)
 
viii. Spotting opportunities for technological advancements and innovation in products, services, and operations
Yes (1 point)   No (0 point)
 
ix. Identifying supply chain disruptions, adapting to technology changes, and responding to market demand fluctuations to seize opportunities.
Yes (1 point)   No (0 point)
 
x. Identification of opportunities tied to suppliers and partners
Yes (1 point)   No (0 point)
 
xi. Recognition of human resource opportunities to align with and achieve business strategic goals
Yes (1 point)   No (0 point)
 
xii. Identification of ways to leverage strengths to address weaknesses and create synergies
Yes (1 point)   No (0 point)
 
xiii. Recognition of internal synergies and opportunities
Yes (1 point)   No (0 point)
 
6) Risk analysis (Multiple Choices)
i. No risk analysis was conducted
Yes (1 point)   No (0 point)
 
ii. Evaluate risks that could impact the delivery of strategic goals
Yes (1 point)   No (0 point)
 
iii. Regular updates to the risk assessment process
Yes (1 point)   No (0 point)
 
iv. Ongoing reinforcement of internal risk awareness through training initiatives
Yes (1 point)   No (0 point)
 
v. Establishment of contingency plans to address risk events
Yes (1 point)   No (0 point)
 
vi. Implementation of a monitoring and feedback mechanism in operations
Yes (1 point)   No (0 point)
 
7) Strategic objectives (Multiple Choices)
i. Absence of a clear strategic direction
Yes (1 point)   No (0 point)
 
ii. Presence of a well-defined strategic direction
Yes (1 point)   No (0 point)
 
iii. Clear identification of the allocation of human, financial, and material resources necessary to achieve strategic objectives
Yes (1 point)   No (0 point)
 
iv. Establishment of measurable targets and timelines
Yes (1 point)   No (0 point)
 
v. Implementation of key initiatives to achieve the strategic direction
Yes (1 point)   No (0 point)
 
vi. Periodic review and adjustment of strategic objectives to ensure alignment with evolving market conditions and organizational environment
Yes (1 point)   No (0 point)
 

Strategy Implementation: How does the company execute its strategy?

1) Strategic Action Plan (Multiple Choices)
i. Absence of an action plan
Yes (1 point)   No (0 point)
 
ii. Action plans exist for some strategies
Yes (1 point)   No (0 point)
 
iii. Clear action plans are established for all strategies
Yes (1 point)   No (0 point)
 
iv. Flexibility in the action plan to adapt to changes in the external environment and internal conditions
Yes (1 point)   No (0 point)
 
v. Establishment of a mechanism for monitoring and evaluating the effectiveness of the action plan
Yes (1 point)   No (0 point)
 
vi. Enhancement of employee engagement, understanding, and support for action plans
Yes (1 point)   No (0 point)
 
vii. Assurance of high-level support and resource commitment for the action plan
Yes (1 point)   No (0 point)
 
viii. Regular strategic meetings and reviews are conducted
Yes (1 point)   No (0 point)
 
ix. Establishment of an interdepartmental coordination mechanism
Yes (1 point)   No (0 point)
 
2) Action plan development (multiple choices)
i. Absence of a specific method
Yes (1 point)   No (0 point)
 
ii. Analysis of key success factors
Yes (1 point)   No (0 point)
 
iii. Identification of specific human, financial, and technical support required for the strategic action plan
Yes (1 point)   No (0 point)
 
iv. Development of an action plan based on established goals
Yes (1 point)   No (0 point)
 
v. Establishment of clear action milestones
Yes (1 point)   No (0 point)
 
vi. Designation of a clear person responsible for action
Yes (1 point)   No (0 point)
 
vii. Provision of necessary information to all relevant parties
Yes (1 point)   No (0 point)
 
viii. Definition of a staff training and development plan required for the strategic action plan
Yes (1 point)   No (0 point)
 
3) Action Plan Expansion (Multiple Choices)
i. Overseen by a senior Head of Strategic Operations
Yes (1 point)   No (0 point)
 
ii. Defined by a clear timeline and deadline
Yes (1 point)   No (0 point)
 
iii. Work content is systematically divided among responsible employees
Yes (1 point)   No (0 point)
 
iv. Tasks are assigned to key suppliers and partners
Yes (1 point)   No (0 point)
 
v. Specific objectives and indicators are established to measure work progress and effectiveness
Yes (1 point)   No (0 point)
 
vi. Sufficient technical support and investment in equipment
Yes (1 point)   No (0 point)
 
vii. Specific incentives and reward mechanisms are in place
Yes (1 point)   No (0 point)
 
4) Resource allocation (Multiple Choices)
i. Absence of a resource allocation plan
Yes (1 point)   No (0 point)
 
ii. Strategies exist for establishing resource allocation plans
Yes (1 point)   No (0 point)
 
iii. A resource allocation plan is in place for all strategies
Yes (1 point)   No (0 point)
 
iv. Prioritization of specific resource allocation is established
Yes (1 point)   No (0 point)
 
v. A defined mechanism for cross-departmental resource sharing is in place
Yes (1 point)   No (0 point)
 
vi. A clear, regular assessment and adjustment of resource allocation are conducted
Yes (1 point)   No (0 point)
 
5) Financial risk (Multiple Choices)
i. The absence of a financial risk management action plan
Yes (1 point)   No (0 point)
 
ii. Certain strategies incorporate financial risk management action plans
Yes (1 point)   No (0 point)
 
iii. All strategies are accompanied by a financial risk management action plan
Yes (1 point)   No (0 point)
 
iv. Implementation of a specific risk monitoring system
Yes (1 point)   No (0 point)
 
v. Identification and evaluation of market, credit, liquidity, and other financial risks
Yes (1 point)   No (0 point)
 
vi. Adoption of specific risk mitigation strategies
Yes (1 point)   No (0 point)
 
6) Employee Planning (Multiple Choices)
i. Absence of staff planning aligned with the strategy
Yes (1 point)   No (0 point)
 
ii. Alignment of strategy with the planning of employee capacity needs
Yes (1 point)   No (0 point)
 
iii. Provision of support and guidance for staff career development
Yes (1 point)   No (0 point)
 
iv. Implementation of a mechanism for evaluating and motivating performance
Yes (1 point)   No (0 point)
 
v. Establishment of a specific employee participation and communication mechanism
Yes (1 point)   No (0 point)
 
vi. Development of a specific plan for attracting talents required for the strategy
Yes (1 point)   No (0 point)
 
7) Performance measurement (Multiple Choices)
i. Absence of performance measurements
Yes (1 point)   No (0 point)
 
ii. Partial reliance on strategic results for performance measures
Yes (1 point)   No (0 point)
 
iii. Comprehensive performance measures to map all strategic outcomes and monitor progress towards strategic action plans
Yes (1 point)   No (0 point)
 
iv. Existence of performance improvement measures and corresponding action plans
Yes (1 point)   No (0 point)
 
8) Performance Forecasting (Multiple Choices)
i. Absence of performance predictions
Yes (1 point)   No (0 point)
 
ii. Adaptation of performance targets to synchronize with current and projected performance gaps of competitors
Yes (1 point)   No (0 point)
 
iii. Difficulties in formulating optimal and worst-case performance forecasts and simulations for diverse scenarios
Yes (1 point)   No (0 point)
 
iv. Assessment of various variables' impact on the outcomes of performance forecasts
Yes (1 point)   No (0 point)
 
v. Reference to competitors for benchmarking purposes during performance forecasting
Yes (1 point)   No (0 point)
 
9) Action Plan Adjustment (Multiple Choices)
i. Fixed action plans with no post-setting adjustments
Yes (1 point)   No (0 point)
 
ii. Regularly evaluate performance action plan, adjusting for effectiveness based on environmental changes.
Yes (1 point)   No (0 point)
 
iii. Recognition of key performance indicators and setup of a feedback mechanism
Yes (1 point)   No (0 point)
 
iv. Emphasis on flexibility and adaptability within action plans
Yes (1 point)   No (0 point)
 

Strategic Innovation: How does the organization leverage strategy to encourage and incorporate innovation?
1) Is new product and service creation driven by innovative thinking part of the company's strategic process? (Multiple Choices)
i. Absence of a structured approach to new product and service development
Yes (1 point)   No (0 point)
 
ii. Utilize PEST and SWOT analysis to investigate requirements and steer the creation of innovative products and services
Yes (1 point)   No (0 point)
 
iii. Diversify the company's successful product and service offerings
Yes (1 point)   No (0 point)
 
iv. Diversify the company's successful product and service offerings
Yes (1 point)   No (0 point)
 
v. Utilize customer data to align product and service updates with market demands
Yes (1 point)   No (0 point)
 
vi. Engage in partnerships with external entities to innovate and create new products and services
Yes (1 point)   No (0 point)
 
2) Can the organization's strategic processes evaluate the feasibility of innovative products and services? (Multiple Choices)
i. The organization lacks a procedure to evaluate the feasibility of innovative products
Yes (1 point)   No (0 point)
 
ii. Capable of delivering innovative products and services at a cost-effective advantage over competitors
Yes (1 point)   No (0 point)
 
iii. Assess the feasibility of new products and services considering cost-effectiveness and implementation complexity
Yes (1 point)   No (0 point)
 
iv. Market research is essential to evaluate the potential of the target market
Yes (1 point)   No (0 point)
 
3) Can the organization assess innovative product/service risk, success, and ROI through strategic processes? (Multiple Choices)
i. The organization lacks the ability to evaluate the risk of success or failure and the return on investment of innovative products
Yes (1 point)   No (0 point)
 
ii. Capable of assessing the risk of success or failure and return on investment of innovative products and services
Yes (1 point)   No (0 point)
 
iii. Uncertainty persists in evaluating success/failure risk and ROI of innovative products and services
Yes (1 point)   No (0 point)
 
iv. Further enhancement of assessment methodologies is necessary to ensure effective evaluation of the risk and return of innovative products
Yes (1 point)   No (0 point)
 
4) Can the organization's strategic processes implement go-to-market strategies for innovative products and services? (Multiple Choices)
i. The organization currently lacks the capability to implement a go-to-market program for innovative products
Yes (1 point)   No (0 point)
 
ii. The organization has established go-to-market plans for innovative products and services that have demonstrated viability
Yes (1 point)   No (0 point)
 
iii. Absence of essential elements required to evaluate the success and failure of new product service launch plans
Yes (1 point)   No (0 point)
 
 

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