What does the adjustment process in strategic management usually rely on?

The adjustment process in strategic management primarily relies on feedback from performance assessments because this feedback provides critical insights into how well a strategy is working and where adjustments are needed. By analyzing performance metrics and outcomes, organizations can identify strengths and weaknesses, allowing them to refine their strategies based on tangible results. This iterative process ensures that strategies remain aligned with changing conditions and organizational goals.

In contrast to other options, relying solely on intuition and assumptions can lead to misjudgments due to the absence of concrete evidence. Similarly, focusing exclusively on market trends might overlook internal performance factors that are crucial for strategic adjustments. Lastly, using historical data alone can be limiting, as the business environment is continually evolving, and past performance may not accurately predict future success. Using comprehensive performance assessments creates a more robust foundation for strategic adjustments, leading to better decision-making and improved outcomes.