Nature Of Strategy Evaluation And Control Pdf

nature of strategy evaluation and control pdf

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Strategic evaluation is an important tool for assessing how well your business has performed, relative to its goals. It's an important way to reflect on achievements and shortcomings, and is also useful for reexamining the goals themselves, which may have been set at a different time, under different circumstances. Although the actual evaluation step takes place at the end of the process, after goals have been reached or not, the process of strategic evaluation starts at the beginning of the process, with the step of setting the goals themselves.

The implementation of organization strategy involves the application of the management process to obtain the desired results. Particularly, strategy implementation includes designing the organization's structure, allocating resources, developing information and decision process, and managing human resources, including such areas as the reward system, approacches to leadership, and staffing. Each of these management functions has been the subject of extensive writing and research by scholars and practitioners and has covered in management books. Since full coverage of each management function is beyond the scope of this thesis, I shall focus only on the factors that are most critical to effective implementation strategy.

The Importance of Strategic Evaluation

The implementation of organization strategy involves the application of the management process to obtain the desired results. Particularly, strategy implementation includes designing the organization's structure, allocating resources, developing information and decision process, and managing human resources, including such areas as the reward system, approacches to leadership, and staffing.

Each of these management functions has been the subject of extensive writing and research by scholars and practitioners and has covered in management books. Since full coverage of each management function is beyond the scope of this thesis, I shall focus only on the factors that are most critical to effective implementation strategy.

Strategy implementation is " the process of allocating resources to support the chosen strategies ". This process includes the various management activities that are necessary to put strategy in motion, institute strategic controls that monitor progress, and ultimately achieve organizational goals.

For example, according to Steiner , " the implementation process covers the entire managerial activities including such matters as motivation, compensation, management appraisal, and control processes". As Higgins has pointed out, " almost all the management functions -planning, controlling, organizing, motivating, leading, directing, integrating, communicating, and innovation -are in some degree applied in the implementation process ". Pierce and Robinson say that " to effectively direct and control the use of the firm's resources, mechanisms such as organizational structure, information systems, leadership styles, assignment of key managers, budgeting, rewards, and control systems are essential strategy implementation ingredients ".

The implementation activities are in fact related closely to one another, and decisions about each are usually made simultaneously. I have split these activities in the next chapters. The Nature Of Strategy Implementation The implementation of organization strategy involves the application of the management process to obtain the desired results.

Concept Of Strategy Implementation Strategy implementation is " the process of allocating resources to support the chosen strategies ". The Commander Approach 2. The Organizational Change Approach 3. The Collaborative Approach 4. The Cultural Approach 5.

The Nature of Strategy Evaluation the Strategic

Strategic management is well-organized approach that is based on effective principles and process of management to recognize the corporate objective or mission of business. It establishes suitable target to assure the objective, identify existing opportunities and restraints in the environment, and develop a logical realistic process to accomplish company objective. Strategic management is both the process and beliefs to determine and control the organizational affiliation in its vibrant environment. It is a process to describe approaches and procedures to help management become accustomed to the current business environment through the use of objectives and strategies. As a philosophy, it changes the viewpoint of manager to deal with competitors, customers, markets and even the organization itself. Its purpose is to motivate management's wakefulness of the strategic implication of environmental events and internal decision. Theoretical review: Strategic management in literature is thoroughly described by several theorists.

What associations does this word bring to mind? Do you see evaluation as an invaluable tool to improve your program? Or do you find it intimidating because you don't know much about it? The purpose of this introductory section is to provide you with some useful background information on evaluation. Evaluation is a process that critically examines a program. It is important to periodically assess and adapt your activities to ensure they are as effective as they can be.

The previous sections have examined the role of strategy in management and looked at common frameworks for analyzing the external and internal environment of business organizations. But what are the specific steps in the strategic management process? How do managers decide what to do, when to do it, and make sure it is happening the way they want? This is what the strategic management process is all about. The strategic management process consists of three, four, or five steps depending upon how the different stages are labeled and grouped.


The Nature of Strategy Evaluation the Strategic - Free download as Word Doc .​doc /.docx), the behavior of others, the less control they have.


The Nature Of Strategy Implementation

The process of strategic management lists what steps the managers should take to create a complete strategy and how to implement that strategy successfully in the company. It might comprise from 7 to nearly 30 steps [4] and tends to be more formal in well-established organizations. The ways that strategies are created and realized differ.

Everything you need to know about strategic control. Strategic controls are intended to steer the company towards its long-term strategic direction. After a strategy is selected, it is implemented over time so as to guide a firm within a rapidly changing environment. Strategies are forward-looking, and based on management assumptions about numerous events that have not yet occurred. Strategic control is concerned with tracking the strategy as it is being implemented, detecting problems or changes in the premises and making necessary adjustments.

Strategy evaluation includes three basic activities: 1 examining the underlying bases of a firms strategy, 2 comparing expected results with actual results, and 3 taking corrective actions to ensure that performance conforms to plans. Adequate and timely feedback is the cornerstone of effective strategy evaluation. Strategy evaluation can be no better than the information on which it is based. Too much pressure from top managers may result in lower managers contriving numbers they think will be satisfactory.

Best tool to analyze the competitiveness of company: Correct answer: 4.

Strategic Control

Strategy Formulation Implementation And Evaluation. Moving from logic model to evaluation questions If on one hand the case of the MPSC demonstrates no proximity between the formulation of strategic planning and the grouping of basic organizational form, on the other it is possible to identify that the hierarchical levels interfere directly in this phase.

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The Nature of Strategy Evaluation. Strategy evaluation includes three basic activities: elmhurstskiclub.orging the underlying bases of a firm's strategy. elmhurstskiclub.orging.


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