submitted by:- ruchi shah (50) submitted to:- ms. rutvi sarang business policy and strategic...
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Submitted By:- Submitted By:- Ruchi Shah (50)Ruchi Shah (50)
Submitted To:-Submitted To:- Ms. Rutvi Ms. Rutvi SarangSarang
Business Policy And Strategic Business Policy And Strategic ManagementManagement
Strategic control is concerned with tracking a strategy as it is being implemented, detecting problems or changes in its underlying premises, and making necessary adjustments
Characterized as a form of “steering control”
STRATEGIC MANAGEMENT MODELSTRATEGIC MANAGEMENT MODEL
MISSIONMISSION
EXTERNAL ENVIRONMENTEXTERNAL ENVIRONMENT COMPANY RESOURCECOMPANY RESOURCE
STRATEGIC ANAYSIS AND CHOICESSTRATEGIC ANAYSIS AND CHOICES
LONG TERM OBJECTIVESLONG TERM OBJECTIVES STRATEGIESSTRATEGIES
S/T PLANSS/T PLANS F. TACTICSF. TACTICS POLICIES/SOPPOLICIES/SOP
CHANGE MANAGEMENTCHANGE MANAGEMENT
STRATEGIC CONTROLSTRATEGIC CONTROL
Premise control is designed to check systematically and continuously whether the premises on which the strategy is based are still valid
Environmental factors
Industry factors
Strategic surveillance is designed to monitor a broad range of events inside and outside the firm that are likely to affect the course of its strategy
Strategic surveillance must be kept as unfocused as possible
Despite its looseness, strategic surveillance provides an ongoing, broad-based vigilance in all daily operations
A special alert control is the thorough, and often rapid, reconsideration of the firm’s strategy because of a sudden, unexpected event
A drastic event should trigger an immediate and intense reassessment of the firm’s strategy and its current strategic situation
Crisis teams Contingency plans
Strategy implementation takes place as series of steps, programs, investments, and moves that occur over an extended time
Implementation control is designed to assess whether the overall strategy should be changed in light of the results associated with the incremental actions that implement the overall strategy
Monitoring strategic thrusts Milestone reviews