Strategy_Evaluation_and_Control

Strategy_Evaluation_and_Control - Strategy Evaluation and...

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Strategy Evaluation and Control
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Determine what to measure Establish standards of performance. Measure actual performance. Take corrective action. Process: Strategy Evaluation and Control
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Evaluation Framework I. Review Underlying Bases Continue present course III. Take Corrective Actions Differences? Differences? Yes NO Yes NO II. Measure Firm Performance
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Strategy Evaluation Process Is the deviation only a chance fluctuation? Are the processes being carried out incorrectly? Are the processes appropriate to the achievement of the desired standard? Who is the best person to take corrective action? If actual results fall outside the desired range action must be taken to correct deviation.
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Measuring Performance The objectives that were established in the strategy formulation part of the strategic management process should certainly be used to measure corporate performance once the strategies have been implemented
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ABC is accounting method for allocating indirect and fixed costs to
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Strategy_Evaluation_and_Control - Strategy Evaluation and...

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