Desirable Feasibility and Viability Model
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Questions and Answers

What is the primary focus of viability in a strategy?

  • Mitigating potential risks and ensuring flexibility
  • Evaluating financial, technical, and operational aspects
  • Aligning initiatives with overall strategic objectives
  • Assessing market dynamics and competitive landscape (correct)

    • What is the primary goal of risk management in achieving desirable feasibility and viability?

  • To enhance the competitive advantage of an organization
  • To evaluate the financial and technical aspects of a strategy
  • To ensure that all initiatives are in line with the overall strategic objectives
  • To identify and mitigate potential risks that could impact the strategy (correct)

    • What is the significance of strategic alignment in achieving desirable feasibility and viability?

  • It enhances the competitive advantage of an organization
  • It ensures that all initiatives are in line with the overall strategic objectives (correct)
  • It helps to identify potential risks and mitigate them
  • It evaluates the financial and technical aspects of a strategy

    • What is the significance of feasibility in a strategy?

    <p>It involves evaluating financial, technical, and operational aspects</p> Signup and view all the answers

    What is the outcome of prioritizing feasibility and viability in strategic decision-making?

    <p>Enhancing the competitive advantage of an organization</p> Signup and view all the answers

    What is the relationship between feasibility and viability in strategic decision-making?

    <p>Feasibility and viability are separate but complementary concepts</p> Signup and view all the answers

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