What is a priority when addressing strategic problems in a corporation?

Evaluating the company's available resources is crucial when addressing strategic problems in a corporation because it allows management to understand what assets, capabilities, and competencies the organization currently possesses. These resources can influence the strategic choices made, as they determine what the company can realistically achieve and how it can compete in its market. By assessing the available resources, leaders can identify strengths to leverage and weaknesses that need to be addressed, enabling them to make informed decisions that align strategic objectives with the company’s core capabilities.

Additionally, understanding resource availability helps in prioritizing initiatives, allocating budgets, and ensuring that strategies are feasible. This foundational knowledge sets the stage for exploring external factors and potential strategies that can harness those resources effectively in response to strategic issues.