What are the three factors to consider when evaluating strategic alternatives?

The correct answer encompasses the three key factors: feasibility, desirability, and viability.

Feasibility refers to whether a strategic alternative can realistically be implemented given the current resources, technology, and constraints within the organization. It addresses the practicality of executing the option.

Desirability focuses on how well a strategic alternative aligns with the organization's mission, values, and goals. This aspect considers whether the strategy is appealing to stakeholders, including customers, employees, and investors, thus ensuring it meets the broader aspirations of the company.

Viability assesses the long-term sustainability of the strategy. It looks at whether the alternative can deliver consistent results and withstand market fluctuations over time. Viability often involves evaluating financial performance and market position.

Together, these three factors provide a comprehensive framework for evaluating strategic alternatives, ensuring that decisions lead to successful outcomes that are not only executable but also in line with the organization's purpose and sustainable over the long term.