Strategy formulation capacity (SF)
SF1 Set short-term objectives
SF2 Set long-term objectives
SF3 Conduct an internal analysis (e.g., assess internal strengths and weaknesses)
SF4 Assess and attempt to anticipate competitor trends
SF5 Assess and attempt to anticipate supplier trends
SF6 Assess and attempt to anticipate market trends
SF7Dedicate specific resources to the formulation of strategic plans
Strategy evaluation capacity (SE)
SE1 Evaluate the probable reactions that stakeholders may have for all possible strategic options
SE2 Assess the financial returns likely to accrue rom all possible strategic options
SE3 Evaluate the probability and consequences of failure of all possible strategic options
SE4 Dedicate specific resources to the production of strategic options
SE5 Assess if the organisation has enough time to make a success of all possible strategic options
SE6 Evaluate whether organisational members can put into practice all possible strategic options
Strategy selection capacity (SS)
SS1 Ensure that the prioritized and chosen strateg
ic options meet the objectives of the controlling s
takeholders
SS2 Ensure that any combination of the prioritized
and chosen strategic options works with any part o
f the existing overall strategy
SS3 Ensure the likely economic value of the priori
tized and chosen strategic options (e.g., payback)
SS4 Ensure that within the prioritized and chosen
strategic options, there are some that give us a re
asonable expectation of sustainable
advantage
SS5 Dedicate specific resources to the selection of strategic options
SS6 Ensure that for the prioritized and chosen strategic options the cash required or the possible sources for obtaining that cash are
available Strategy implementation capacity (SI)
SI1 Ensure all the employees are aware of the company’s strategic goals
SI2 Have specific measures in place with which to manage implementation progress
SI3 Dedicate resources to giving employees new skills where required
SI4 Provide incentives for employees that achieve implementation targets
SI5 Adjust incentives accordingly in-line with new information
SI6 Dedicate specific resources to the implementation of strategic plan