Premise control - strategic control - strategic implementation

Premise control is designed to check systematically and continuously whether the premises on which the strategy is based are still valid. If an important premise is no longer valid, the strategy may have to be changed.

1. Premise control - Strategic control Strategic Implementation

2. Prepared By Kindly restrict the use of slides for personal purpose. Please seek permission to reproduce the same in public forms and presentations. Manu Melwin Joy Assistant Professor Ilahia School of Management Studies Kerala, India. Phone – 9744551114 Mail – [email protected]

3. Strategic control 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. The most important purpose of strategic control is to help top achieve organizational goals through monitoring and evaluating the strategic management process.

4. Types of strategic control

5. Premise control Premise control is designed to check systematically and continuously whether the premises on which the strategy is based are still valid.

6. Premise control If an important premise is no longer valid, the strategy may have to be changed.

7. Premise control It involves the checking of environmental conditions. Premises are primarily concerned with two types of factors: Environmental factors (for example, inflation, technology, interest rates, regulation, and demographic/social changes).

8. Premise control It involves the checking of environmental conditions. Premises are primarily concerned with two types of factors: Industry factors (for example, competitors, suppliers, substitutes, and barriers to entry).