Reviewing the underlying bases of an organization's strategy

Reviewing the underlying bases of an organization's strategy is activity #1 in the strategy evaluation process; entails a firm developing a revised EFE Matrix and IFE Matrix to determine if corrective actions are needed.

Definition

According to the Strategic Management by David and David (15th edition),

Reviewing the underlying bases of an organization's strategy. Activity #1 in the strategy evaluation process; entails a firm developing a revised EFE Matrix and IFE Matrix to determine if corrective actions are needed.