strategic control

very nice and easly understandble ppt

1. Presentation on strategic control. By kapil pandey Roll no 28.

2. Questions involved in Assessing a Strategy’s Success 1. Are we moving in the proper direction? 2. Are our assumptions about major trends and changes correct? 3 .Should we adjust or abort this strategy? 4. How are we performing? 5 .Are objectives and schedules being met? 6 .Are costs, revenues, and cash flows matching projections? Do we need to make operational changes?

3. Strategic control Meaning:- Strategic control is also focused on the achievement of future goals, rather than the evaluation of past performance . 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. 

4. Characteristics of strategic control it is a continuous process it is a management process it is embedded in each level of organizational hierarchy it is forward looking it is closely linked with planning it is a tool for achieving organizational activities it is an end process

5. Process of strategic control. Establish standards and targets. Create measuring and monitoring systems. Comparing actual performance against the established targets. Evaluate results and take action if necessary.

6. Types of strategic control 1 premise control 2 Implantation control 3 Strategic surveillance 4 Special alert control

7. Types of strategic control 1 premise control:- Premise control serves the purpose of continually testing the assumptions to find out whether they are still valid or not. It helps in the strategists to take corrective action at right time . Implantation control :- Aimed at evaluating whether the plans, programs and projects are actually guiding the organs towards its predetermined objectives or not.

8. 3 Strategic surveillance:- aimed at designed to monitor a board range of events inside and outside the company that are likely to threaten the course of firm’s strategy 4 Special alert control:- based on trigger mechanism for rapid response and immediate reassessment of strategy in the light of sudden and unexpected events. Many firms have developed crisis teams to handle initial response and coordination when faced with unforeseen occurences .

9. Operational Control Operational control systems are designed to ensure that day-to-day actions are consistent with established plans and objectives. Focuses on events in a recent period. Derived from the requirements of the management control systems. Corrective actions is taken where performance does not meet standards. This action may involve training, motivation, leadership, discipline, or termination.

10. Thank you