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    Strategic Control & Give Example

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    habtamu yilma
    The document discusses four types of strategic control that organizations can use to evaluate and modify their strategies: 1) Strategic surveillance control involves monitoring external information sources to identify potential threats and opportunities. 2) Implementation control measures track performance against standards to determine if adjustments are needed. 3) Testing assumptions control evaluates the validity of assumptions made in the strategy. 4) Special alert control helps the organization respond to unexpected events without changing the overall strategy.

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    Strategic Control & Give Example

    Uploaded by

    habtamu yilma
    22 views2 pages
    The document discusses four types of strategic control that organizations can use to evaluate and modify their strategies: 1) Strategic surveillance control involves monitoring external information sources to identify potential threats and opportunities. 2) Implementation control measures track performance against standards to determine if adjustments are needed. 3) Testing assumptions control evaluates the validity of assumptions made in the strategy. 4) Special alert control helps the organization respond to unexpected events without changing the overall strategy.

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    Example of Strategic control

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    The document discusses four types of strategic control that organizations can use to evaluate and modify their strategies: 1) Strategic surveillance control involves monitoring external information sources to identify potential threats and opportunities. 2) Implementation control measures track performance against standards to determine if adjustments are needed. 3) Testing assumptions control evaluates the validity of assumptions made in the strategy. 4) Special alert control helps the organization respond to unexpected events without changing the overall strategy.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    22 views2 pages

    Strategic Control & Give Example

    Uploaded by

    habtamu yilma
    The document discusses four types of strategic control that organizations can use to evaluate and modify their strategies: 1) Strategic surveillance control involves monitoring external information sources to identify potential threats and opportunities. 2) Implementation control measures track performance against standards to determine if adjustments are needed. 3) Testing assumptions control evaluates the validity of assumptions made in the strategy. 4) Special alert control helps the organization respond to unexpected events without changing the overall strategy.

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    QUESTION 4 

                                                                                                            

    Examine the different types of strategic control adopted by organizations using appropriate
    example of a company in the entertainment industry.

    **

    ANSWER

    Step-by-step explanation

    The type of business tactic you pursue is key to whether or not your company will have long-
    term growth and success. The challenge, however, is that it's difficult to assess if the strategy you
    have chosen is the right one or if you need to make modifications. That process is easier if you
    use the four common types of strategic control to evaluate the strategy you have put in place to
    determine its efficiency and find areas of strength and weakness.

    Strategic Surveillance Control                          

    It is impossible for you to anticipate every external threat that could impact the success of your
    business, which is why strategic surveillance control lets you ascertain information sources that
    monitor these external forces. Examples of these information sources are financial journals, trade
    magazines, newspapers, economic forums, and industry conferences. These sources are often the
    first to identify the possible challenges that businesses in your industry will face and may even
    offer potential replies to these challenges

    Implementation Control Measures

    As you begin to implement a business strategy, you must use implementation control measures
    to measure whether or not your plan needs adjustment. Common types of implementation control
    include setting performance standards, measuring actual performance, examining the reasons
    your staff failed to meet specific performance standards, and developing a plan to correct
    performance deviations. Implementation control also includes things such as budgets, schedules,
    and milestones that the company is trying to accomplish.

    Testing the validity of Assumptions

    The business strategy you have selected was likely based on some assumptions made about what
    you believed would happen several years in the future. Whether those assumptions are about the
    target audience, your competitors, or product development, premise control lets you test those
    assumptions to see if they are still valid. For instance, if you own a skateboard company, you

    1
    may have assumed that your perfect buyers were millennials, but you may discover that premise
    was imperfect after premise control measures reveal that the fastest-growing skateboard
    consumers are actually an entire generation younger.

    Special Alert Control

    At some point in time, your company will go through a rough patch that's generated by some
    kind of unexpected incidence that impacts your business in a negative way. This could include a
    sudden crash in the U.S. stock market, a domestic attack, or even a natural disaster that affects
    your customers' buying habits. Unique alert control helps your business respond to these events
    without changing your entire strategy to deal with this new event. For example, after September
    11, 2001, terrorist attacks in the U.S., many commercial airlines were forced to adopt stricter
    safety procedures to account for the intense fears that passengers had about flying on a plane.

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