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strategic control

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kapil pandey
kapil pandey

This document summarizes a presentation on strategic control. It outlines 5 questions involved in assessing a strategy's success, including whether the organization is moving in the right direction and if objectives are being met. It defines strategic control as focused on achieving future goals rather than past performance, and tracking a strategy as it is implemented. The characteristics, process, and 4 types of strategic control are described: premise control, implementation control, strategic surveillance, and special alert control. Operational control is also briefly discussed.

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Presentation on strategic control. By kapil pandey Roll no 28.
Questions involved in Assessing a Strategy’s Success • 1. Are we moving in the proper direction? • 2. Are our assumptions about major trends and changes correct? • 3 .Should we adjust or abort this strategy? • 4. How are we performing? • 5 .Are objectives and schedules being met? • 6 .Are costs, revenues, and cash flows matching projections? Do we need to make operational changes?
Strategic control  Meaning:- • Strategic control is also focused on the achievement of future goals, rather than the evaluation of past performance. • Strategic control is concerned with tracking a strategy as it is being implemented, detecting problems or changes in its underlying premises, and making necessary adjustments.
Characteristics of strategic control • it is a continuous process • it is a management process • it is embedded in each level of organizational hierarchy • it is forward looking • it is closely linked with planning • it is a tool for achieving organizational activities • it is an end process
Process of strategic control. Establish standards and targets. Create measuring and monitoring systems. Comparing actual performance against the established targets. Evaluate results and take action if necessary.
Types of strategic control • 1 premise control • 2 Implantation control • 3 Strategic surveillance • 4 Special alert control
Types of strategic control 1 premise control:-  Premise control serves the purpose of continually testing the assumptions to find out whether they are still valid or not. It helps in the strategists to take corrective action at right time. 2 Implantation control :-  Aimed at evaluating whether the plans, programs and projects are actually guiding the organs towards its predetermined objectives or not.
3 Strategic surveillance:-  aimed at designed to monitor a board range of events inside and outside the company that are likely to threaten the course of firm’s strategy 4 Special alert control:-  based on trigger mechanism for rapid response and immediate reassessment of strategy in the light of sudden and unexpected events.  Many firms have developed crisis teams to handle initial response and coordination when faced with unforeseen occurences.
Operational Control • Operational control systems are designed to ensure that day- to-day actions are consistent with established plans and objectives. • Focuses on events in a recent period. • Derived from the requirements of the management control systems. • Corrective actions is taken where performance does not meet standards. • This action may involve training, motivation, leadership, discipline, or termination.
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strategic control

  • 1. Presentation on strategic control. By kapil pandey Roll no 28.
  • 2. Questions involved in Assessing a Strategy’s Success • 1. Are we moving in the proper direction? • 2. Are our assumptions about major trends and changes correct? • 3 .Should we adjust or abort this strategy? • 4. How are we performing? • 5 .Are objectives and schedules being met? • 6 .Are costs, revenues, and cash flows matching projections? Do we need to make operational changes?
  • 3. Strategic control  Meaning:- • Strategic control is also focused on the achievement of future goals, rather than the evaluation of past performance. • Strategic control is concerned with tracking a strategy as it is being implemented, detecting problems or changes in its underlying premises, and making necessary adjustments.
  • 4. Characteristics of strategic control • it is a continuous process • it is a management process • it is embedded in each level of organizational hierarchy • it is forward looking • it is closely linked with planning • it is a tool for achieving organizational activities • it is an end process
  • 5. Process of strategic control. Establish standards and targets. Create measuring and monitoring systems. Comparing actual performance against the established targets. Evaluate results and take action if necessary.
  • 6. Types of strategic control • 1 premise control • 2 Implantation control • 3 Strategic surveillance • 4 Special alert control
  • 7. Types of strategic control 1 premise control:-  Premise control serves the purpose of continually testing the assumptions to find out whether they are still valid or not. It helps in the strategists to take corrective action at right time. 2 Implantation control :-  Aimed at evaluating whether the plans, programs and projects are actually guiding the organs towards its predetermined objectives or not.
  • 8. 3 Strategic surveillance:-  aimed at designed to monitor a board range of events inside and outside the company that are likely to threaten the course of firm’s strategy 4 Special alert control:-  based on trigger mechanism for rapid response and immediate reassessment of strategy in the light of sudden and unexpected events.  Many firms have developed crisis teams to handle initial response and coordination when faced with unforeseen occurences.
  • 9. Operational Control • Operational control systems are designed to ensure that day- to-day actions are consistent with established plans and objectives. • Focuses on events in a recent period. • Derived from the requirements of the management control systems. • Corrective actions is taken where performance does not meet standards. • This action may involve training, motivation, leadership, discipline, or termination.