Strategic evaluation and control
Strategic evaluation and control is defined as a process of estimating the effectiveness of a strategy in achieving the organizational objectives and taking corrective actions whenever required.
Strategic evaluation is an important part of strategic management as it checks whether the strategy implementation is going in the right direction or not.
Strategic evaluation
Strategic evaluation is the last step of the strategic management process, and comes after the formulation and implementation of strategy.
Strategic evaluation is defined as the process of assessing the efficacy of the strategy in achieving the organizational objectives. In other words, strategic evaluation checks that whether or not the strategy that was selected and implemented has met the organizational objectives. It can be regarded as the performance appraisal of organizational strategies.
It answers the following questions:
- Are the objectives and plans formulated by the organization appropriate?
- Has the business grown or not?
- Has normal profit been achieved by an organization?
- Has the strategy guided the organization towards its objectives?
- Do the obtained results conform to the predetermined time schedule?
- Are the resources being allocated and utilized properly?
- Is there any need to change the strategy?
Importance of Strategic Evaluation
Strategic evaluation helps an organization to progress in a particular direction of success and growth. The importance of strategic evaluation is as follows:
- Getting Feedback, Appraisal, and Reward: Helps measure the performance of employees in attaining organizational goals. In strategic evaluation, the feedback of employees is taken to perform the appraisal and good performance is rewarded to motivate them. If a gap is found in employees’ actual and desired performance, training and development programs are provided.
- Verifying the Strategic Choice: Checks the validity of the strategic choice. The strategic evaluation process ensures that the selected strategy is in line with the objectives of an organization.
- Checking the Link between the Decisions and Strategy: Maps the decisions taken by the strategists with the strategic requirements. The strategic evaluation process ensures that the final decisions taken are coordinated with the strategies to achieve organizational effectiveness.
- Ensuring Successful Strategic Management: Ensures efficiency in the strategic management process. An efficient and successful strategic management process helps the organization in meeting its objectives.
- Further Planning of Strategies: Helps in conceptualizing and designing further strategies. Thus, it can be said that strategic evaluation acts as a base for new strategies
Participants in the Strategic Evaluation Process
In an organization, strategic evaluation is done at all the levels to know whether or not the results match with the defined organizational objectives. In general, all members take part in the process of strategic evaluation; however, a major role is played by the following participants:
- Directors: Enact the official role of reviewing and screening the executive decisions.
- Chief Executives: Take the responsibility for all the administrative aspects of the strategic evaluation and control process
- SBU heads: Facilitate strategic evaluation at their respective levels and divisions.
- Financial Controllers: Help in the operational controls that involve budgeting, reporting, and financial analysis.
- Executive Committees: Take the responsibility of regular screening of the performances of the employees with the set standards.
- Middle Level Managers: Help in providing the information and feedback regarding the performance of employees. These managers get the directions from the top management for taking the corrective action.
Strategic Control:
- Strategic control take into account the changing assumptions that determine a strategy, continually evaluate the strategy as it is being implemented and take necessary action and steps to adjust the strategy to the new requirement.
- Strategic control regularly monitors the changes occurring inside and outside an organization to update the strategies as per the required changes.
- The time gap between the formulation and implementation of the strategy may be substantial. It may be possible that the assumptions made while formulating the strategy change at the implementation level due to changing organizational and environmental conditions.
- Strategic control focuses on looking at these changes and taking the necessary steps to adjust these changes to the strategy.
- In addition, they help in knowing whether the strategies are working as expected or not.
- Strategic control also involves looking at the solutions for the organizational problems by forming strategic control systems.
These systems can be formed by performing the steps shown in Figure below.
Process of strategic control
Process of strategic control involves the following steps:
- Establishing Sub-goals: Implies dividing the strategies into standards and targets, so that a strategy can be evaluated easily
- Creating Measurement Systems: Involves creating the procedures or techniques for measuring the performance
- Comparing the Actual Performance: Involves finding the gaps between actual and desired performance,
- Initiating the Corrective Action: Implies taking an action to cover the gaps
Types of strategic control
- Premise Control: Helps in recognizing the changes in the assumptions of a strategy. Any change in an assumption of strategy may affect the organization’s success. Thus, premise control helps in regularly testing the assumptions with the changing environment and taking corrective actions if required. In other words, it can be explained as a control that helps in identifying the key assumptions of the plans and gathering the data to monitor the changes. Premise control helps in testing the foundations of the strategy and determining the validity of these foundations with respect to the present condition of the
organization.
- Implementation Control: Focuses on evaluating the plans, programs, and projects that have been developed during the implementation stage. Plans, programs, and projects are evaluated to check whether or not they are contributing to the organization’s objectives. It analyzes the output to identify the gaps between predefined standards and actual performance, and takes corrective actions if needed. The two types of implementation control are as follows:
- Monitoring Strategic Thrust: Involves controlling the projects that represent the actions that need to be taken if the overall strategy is to be fulfilled. It helps an organization to know whether continuing the strategy would be appropriate or not
- Milestone Review: Implies identifying the milestones that will be achieved during the implementation of a strategy. Milestone reviews involve taking a small pause in between a project to ensure that the work done till now is completed successfully.
- Strategic Surveillance: Refers to a general type of control. It monitors the changes happening inside and outside the organization with the help of available information sources, and identifies those changes or events that may affect the organization’s strategy. Strategic surveillance is sometimes confused with environmental scanning; however, there is a difference between the two. Table-1 shows the difference:
- Special Alert Control: Refers to the type of control that discovers critical situations. Special alert control provides a mechanism for rapid response to a problem by forming contingency strategies. These strategies are created in advance to deal with business uncertainties. There are numerous organizations that form crisis management teams to implement special alert control.
The criteria for effective strategic evaluation
- Minimum Information: Implies that a control should involve minimum information, since too much information may lead to ambiguity. There should be a balance between complexity and simplicity.
- Timely Action: Implies that corrective actions should be taken on time. Performing strategic evaluation too early or too late may not be apt.
- Term Controls: Imply that the controls should be long term because a strategy has a long-lasting impact on an organization.
- Counting the Important Activities: Results in effective evaluation. The activities that do not contribute to achievement should not be emphasized much as they make the strategic evaluation process ineffective.
- Rewarding the Effective Performance: Motivates the employees. If the performance of employees is equal to or more than the standards, the employees should be rewarded. The penalties for low performance should be minimized as it may demotivate the employees.
viagra naturale in farmacia senza ricetta: dove acquistare viagra in modo sicuro – viagra originale in 24 ore contrassegno
https://viasenzaricetta.com/# viagra online spedizione gratuita
alternativa al viagra senza ricetta in farmacia viagra cosa serve viagra online spedizione gratuita
gabapentin 800mg oral neurontin 800mg cost vibra-tabs pill
miglior sito dove acquistare viagra: viagra 50 mg prezzo in farmacia – alternativa al viagra senza ricetta in farmacia
https://viasenzaricetta.com/# gel per erezione in farmacia
Hi there to all, howw iis all, I thinkk eevery one is getting more
from thiis web site, annd your viiews are nice ffor new users.
cerco viagra a buon prezzo: viagra acquisto in contrassegno in italia – viagra generico prezzo piГ№ basso
https://viasenzaricetta.com/# viagra subito
pillole per erezione in farmacia senza ricetta viagra generico sandoz siti sicuri per comprare viagra online
viagra originale in 24 ore contrassegno: miglior sito per comprare viagra online – viagra pfizer 25mg prezzo
https://viasenzaricetta.com/# viagra pfizer 25mg prezzo
ECHTEN PASS ONLINE KAUFEN https://worldpassporte.com/
Good – I should definitely pronounce, impressed with your website. I had no trouble navigating through all tabs as well as related info ended up being truly simple to do to access. I recently found what I hoped for before you know it in the least. Quite unusual. Is likely to appreciate it for those who add forums or something, website theme . a tones way for your customer to communicate. Excellent task.
miglior sito per comprare viagra online viagra pfizer 25mg prezzo or viagra naturale in farmacia senza ricetta
http://idwk.org/__media__/js/netsoltrademark.php?d=viasenzaricetta.com viagra originale in 24 ore contrassegno
viagra generico in farmacia costo viagra ordine telefonico and siti sicuri per comprare viagra online gel per erezione in farmacia
cialis farmacia senza ricetta: viagra originale recensioni – pillole per erezioni fortissime
https://viasenzaricetta.com/# viagra ordine telefonico
esiste il viagra generico in farmacia le migliori pillole per l’erezione cialis farmacia senza ricetta
Заказать прогон
Xrumer и GSA, allsubmitter
Если Вы хотите, чтоб Ваш сайт привлекал как можно больше посетителей,
то нужно, чтоб он был не только полезным и удобным, но и хорошо оптимизированным для поисковиков.
Это потребует немало усилий и затрат, однако если хотите здорово ускорить процесс и ощутимо поднять сайт в результате выдачи, то можно использовать прогон сайта хрумером.
Таким образом Вы можете не только быстрей получить желаемый результат,
но и даже сэкономить время и деньги.
заказать прогон хрумером
Хрумер — это софт для массовой рассылки комментариев на различные блоги,
сайты, доски объявлений и даже социальные сети.
Прогон по форумам происходит автоматически, ведь алгоритмы программы способны самостоятельно регистрировать
аккаунты на сайтах, обходить капчи и любую другую защиту от автоматических регистраций и публикаций.
Данный программный продукт развивается уже много лет и может работать с разнообразными CMS
ЗАКАЗТЬ ПРОГОНЫ МОЖНО ЧЕРЕЗ СКАЙП ЛОГИН POKRAS7777
ИЛИ ЧЕРЕЗ ТЕЛЕГРАММ @pokras777
ИЛИ ПИШИТЕ НА ПОЧТУ BIKON777@YANDEX.RU
Фухты1
viagra generico recensioni: cialis farmacia senza ricetta – viagra online consegna rapida
https://viasenzaricetta.com/# pillole per erezione in farmacia senza ricetta
buy albuterol 2mg online order augmentin 375mg order synthroid 150mcg online cheap
ブランドコピーバック
在线赌场
H-beam Straightening Machines
giant discount pharmacy
gel per erezione in farmacia: viagra acquisto in contrassegno in italia – pillole per erezioni fortissime
https://viasenzaricetta.com/# viagra acquisto in contrassegno in italia
п»їviagra prezzo farmacia 2023 viagra 100 mg prezzo in farmacia cerco viagra a buon prezzo
スーパーコピー時計違法
澳门博狗
Remote Controlled Prostate with Vibrating and Stroking Functions
farmacia senza ricetta recensioni: miglior sito dove acquistare viagra – viagra naturale in farmacia senza ricetta
https://viasenzaricetta.com/# cerco viagra a buon prezzo
canadian pharmacy without prescription
global pharmacy canada
mexican pharmacy
order prednisolone 40mg for sale furosemide 100mg oral purchase lasix generic
canadian pharmacy delivery
clomiphene over the counter order hydroxychloroquine for sale hydroxychloroquine 400mg for sale
cerco viagra a buon prezzo: siti sicuri per comprare viagra online – cerco viagra a buon prezzo
https://viasenzaricetta.com/# cialis farmacia senza ricetta
viagra consegna in 24 ore pagamento alla consegna: viagra originale in 24 ore contrassegno – viagra online consegna rapida
https://viasenzaricetta.com/# pillole per erezione in farmacia senza ricetta
cialis farmacia senza ricetta viagra naturale in farmacia senza ricetta viagra cosa serve
hyt時計スーパーコピー
Door Interior Reinforcement
性爱欧美视频
viagra ordine telefonico gel per erezione in farmacia or viagra pfizer 25mg prezzo
http://washingtonpowerandgas.com/__media__/js/netsoltrademark.php?d=viasenzaricetta.com pillole per erezione in farmacia senza ricetta
cerco viagra a buon prezzo siti sicuri per comprare viagra online and viagra 50 mg prezzo in farmacia alternativa al viagra senza ricetta in farmacia
list of approved canadian pharmacies
viagra cosa serve le migliori pillole per l’erezione or viagra 100 mg prezzo in farmacia
http://tellmylibrary.com/__media__/js/netsoltrademark.php?d=viasenzaricetta.com viagra generico sandoz
pillole per erezione immediata п»їviagra prezzo farmacia 2023 and pillole per erezioni fortissime viagra ordine telefonico
how to get cytotec online: buy cytotec online fast delivery – buy cytotec over the counter
https://clomidsale.pro/# how to buy cheap clomid
how to buy generic clomid buy clomid clomid otc
canadian pharmacy online
https://canadianpharmacybase.com/
pharmacy prices compare
overseas pharmacies online
https://canadianpharmacybase.com/
overseas pharmacies
doxycycline 200mg uk cost augmentin 625mg purchase amoxiclav sale
mexican pharmacies
where buy generic clomid for sale: cheap clomid – how to buy cheap clomid prices
http://zithromax.pro/# zithromax antibiotic without prescription
Misoprostol 200 mg buy online purchase cytotec п»їcytotec pills online
canadian pharmacy without prescription
https://canadianpharmaciesscript.com/
trust online pharmacy
buy tenormin 100mg pill methylprednisolone where to buy purchase letrozole generic
prednisone steroids prednisone without a prescription or prednisone 2.5 mg
http://www.earthspicestudio.com/__media__/js/netsoltrademark.php?d=prednisonesale.pro prednisone 4mg tab
cheapest prednisone no prescription buy prednisone mexico and prednisone 20 mg tablets prednisone best price
Заказать прогон
Xrumer и GSA, allsubmitter
Если Вы хотите, чтоб Ваш сайт привлекал как можно больше посетителей,
то нужно, чтоб он был не только полезным и удобным, но и хорошо оптимизированным для поисковиков.
Это потребует немало усилий и затрат, однако если хотите здорово ускорить процесс и ощутимо поднять сайт в результате выдачи, то можно использовать прогон сайта хрумером.
Таким образом Вы можете не только быстрей получить желаемый результат,
но и даже сэкономить время и деньги.
прогон хрумером что это
Хрумер — это софт для массовой рассылки комментариев на различные блоги,
сайты, доски объявлений и даже социальные сети.
Прогон по форумам происходит автоматически, ведь алгоритмы программы способны самостоятельно регистрировать
аккаунты на сайтах, обходить капчи и любую другую защиту от автоматических регистраций и публикаций.
Данный программный продукт развивается уже много лет и может работать с разнообразными CMS
ЗАКАЗТЬ ПРОГОНЫ МОЖНО ЧЕРЕЗ СКАЙП ЛОГИН POKRAS7777
ИЛИ ЧЕРЕЗ ТЕЛЕГРАММ @pokras777
ИЛИ ПИШИТЕ НА ПОЧТУ BIKON777@YANDEX.RU
Фухты1
Lexus LS 500H Hybrid Battery
素晴らしいスーパーコピーブランド通販サイト
Electric Scooters Citycoco
Super Lawyers provides lawyer ratings of selected lawyers and helps you find the rated https://social.msdn.microsoft.com/Profile/JonathanSterling Get free legal advice and find a free or low-cost lawyer
PORN SEX: Pleasure Chest
prednisone 1 mg daily: online order prednisone – prednisone canada prescription
https://prednisonesale.pro/# prednisone ordering online
where to get cytotec pills п»їcytotec pills online purchase cytotec
where to get cytotec pills: cytotec online – Abortion pills online
https://zithromax.pro/# zithromax antibiotic
prednisone price south africa prednisone 20mg cheap prednisone 40 mg
synthroid 75mcg over the counter order clomid without prescription buy levitra 20mg pill
Flint Glass Bottle
amazonスーパーコピー時計
Rigid PCB
albendazole 400mg usa medroxyprogesterone over the counter provera order
order cytotec online: purchase cytotec – buy cytotec over the counter
https://prednisonesale.pro/# prednisone 100 mg
buy cytotec pills online cheap buy cytotec in usa п»їcytotec pills online
buy cytotec online fast delivery: cytotec buy online usa – purchase cytotec
https://doxycyclinesale.pro/# doxycycline 40mg capsules
doxycycline tab india doxycycline tablets buy online doxycycline cost in mexico