STRATEGIC CONTROL •Strategic control is a method of managing the execution of a strategic plan. •It can handle the unknown and ambiguous while tracking a strategy's implementation and the subsequent results. •A way to find different methods of strategy implementation by adapting to changing external and internal factors to achieve strategic goals. •A strategy is usually implemented over a significant period of time during which two major questions are answered: a) Is strategy implementation taking place as planned? b) Taking the observed results into consideration, does the strategy require changes or adjustments? •Strategic control is an evaluation exercise aimed at achieving an organization's strategic goals. crucial for bridging gaps, and adapting to changes during implementation. can you explain this per bullet
Answer (1)
Strategic control focuses on ensuring that the strategic plan is executed effectively. It involves monitoring activities, resources, and processes to make sure everything aligns with the planned strategy. Think of it as the oversight necessary to keep a ship on course towards its destination. •It can handle the unknown and ambiguous while tracking a strategy's implementation and the subsequent results.
