Strategy Review Evaluation and Control PPT

Strategy Review Evaluation and Control PPT - Strategy...

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Unformatted text preview: Strategy Review Evaluation and Control Characteristics of an effective evaluation system • Decide what to measure • Decide how to measure (set standards) • Measure performance • Compare actual with desired • Take corrective action if necessary Strategic control (evaluating strategy) • Focuses on two questions: 1. Whether the strategy is being implemented as planned 2. Are the results produced by the strategy those intended Strategic controls are largely subjective criteria to verify whether the firm is achieving an appropriate and intended strategy for its • Is the strategy well conceived (cover all the bases, internally consistent, makes sense, is timely and in step with the marketplace) • Is the company achieving its financial and strategic objectives? Is it above average in performance? Strategic controls vs Operational controls • SC requires data from more sources than OC • SC requires data from external sources, OC data from internal • SC is oriented toward the future; OC toward the present • SC is more concerned with measuring the accuracy of the decision premise • SC standards are based on external Possible corrective actions for...
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This note was uploaded on 02/12/2012 for the course BUS 450 taught by Professor Lui during the Spring '11 term at SUNY Suffolk.

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Strategy Review Evaluation and Control PPT - Strategy...

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