‘Success Criteria’ – Strategic choice

This 'Success Criteria' is developed by Johnson, Scholes and Whittington.

1. Suitability.
   1. Ability to meet business objectives.
   2. Time required for implementing the strategy.
      
       
2. Acceptability.
   1. Stakeholders of the business such as such as shareholders, financers, employees and customers need and views should be considered.
   2. Culture and risk appetite of the business needs to be aligned with the strategy proposed.
      
       
3. Feasibility.
   1. Competency i.e. Knowledge, skills, and experience should be present.
   2. Resources i.e. time, cash, material, machinery and labor should be available.