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Introduction
Strategic control is an essential step in strategic
mgt. Strategic Evolution and control is the
process of determining the effectiveness of on
executed strategy in achieving the desired
goals and objectives , and taking
corrective action whenever required.
Meaning of control
Definition
Control consist in verifying
whether
everything occurs
conformity with plan
adopted the instructions issued & principles
established.
The four
four basic
basic type
type of
of strategic
strategic control
control are:
are:
The
Premise control
control
Premise
Implementation
Implementation
control
control
Strategic
Strategic
surveillance
surveillance
Special alert
alert
Special
control
control
Strategic Surveillance
By their nature, premise control
and
implementation control are focused control.
Such an occurrence
should trigger an
immediate and intense reassessment of the
companys strategy and its current strategic
situation.
Many firms have developed crisis teams to handle
initial response and coordination when faced
with unforeseen occurrences that may
have an immediate effect on the firms
strategy.
Premise
control
Implement
ation
control
Strategic
surveillance
Special alerts
Objectives of controls
Planning
premises and
projection
Strategic
thrusts and
milestones
Potential
threats and
opportunities
related the
strategy
Occurrence of
recognizable but
unlikely events
Degree of focusing
High
High
Low
High
Formalization
Medium
High
Low
High
Centralization
Low
Medium
Low
High
Environmental Factors
Yes
Seldom
Yes
Yes
Industry factors
Yes
Seldom
Yes
Yes
Strategy-specific factors
No
Yes
Seldom
Yes
Company-specific factors
No
Yes
Seldom
Seldom
Data acquisition
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