Answer:
helps management determine whether to maintain or alter the company's vision, objectives, and strategy.
Explanation:
A strategy can be defined as a set of guiding principles, actions and decisions that an organization combines so as to achieve its business goals, attract customers and possess a competitive advantage over its rivals in the industry.
In Business management, it is very important for businesses to conduct an assessment of its internal strengths and weaknesses. This would give it certain advantages, edge and disadvantages in meeting the needs of various customers by analyzing their strengths, weaknesses, opportunities and threats (SWOT).
Hence, evaluating the performance of a company and making corrective adjustments where necessary helps management in determining whether to maintain or alter the company's vision, objectives, and strategy over a specific period of time.
