The Rumelt evaluation method has four criteria
for evaluating business strategies:-
- Consistency. Rumelt believes that a successful strategy is
impossible without consistency among all teams and departments
within a company. ...
- Adaptability.: here the organisation needs to evaluate it's
ability to adapt the change in the business environment and how
well the organisation adapting as compared to its competitor
- Competitive Advantage.: One needs to have
competitive advantages over other competitors so as to have and
edge of competition. The organisations can bring in new ,
innovative, advanced technologies to be able to attract customers
towards itself.
- Feasibility.: any strategy selected and developed must be
feasible practically, feasibility must be checked with respect to
the human resource and budget to actually launch the strategy