STRATEGIC SURVEILLANCE• A monitoring system whereby a broad range of occurrences inside and outside the organization threatens the implementation of an organization's strategy. •Surveillance means shadowing, observing, and scrutinizing the environment. It demands constant awareness, consciousness, and knowledge of how the implementation of the strategy works or performs. •It can be done basically through a general monitoring on selected information sources to uncover events that are likely to affect the strategy of an organization. •Hence, continually safeguard the company's strategy by following trade journals, attending conferences and keeping awareness of industry trends to meet these risks as they arise is advised.can you explain this per bullet thanks
Answer (1)
- *Definition*: Strategic surveillance is a monitoring system that identifies internal and external threats to an organization's strategy implementation.- *Purpose*: Shadow, observe, and scrutinize the environment to ensure strategy implementation.- *Requirements*: Constant awareness, consciousness, and knowledge of strategy performance.- *Methods*: Monitor selected information sources to uncover potential strategy-affecting events.- *Implementation*: • Follow trade journals • Attend conferences • Stay updated on industry trends- *Goal*: Continuously safeguard the company's strategy by addressing emerging risks.In essence, strategic surveillance helps organizations:1. Identify potential threats2. Stay informed about industry developments3. Adjust strategies accordingly4. Mitigate risks and capitalize on opportunities
