What Are The Strategic Control Process?

What are the types of strategic management?

Types of Strategies in Strategic ManagementCompetitive Strategy:Corporate Strategy:Business Strategy:Functional Strategy:Operating Strategy:.

What kind of strategies is used for control?

The four types of strategic control are premise control, implementation control, special alert control and strategic surveillance.

What are the 6 steps in the planning process?

The six steps are:Step 1 – Identifying problems and opportunities.Step 2 – Inventorying and forecasting conditions.Step 3 – Formulating alternative plans.Step 4 – Evaluating alternative plans.Step 5 – Comparing alternative plans.Step 6 – Selecting a plan.

What should a strategic plan include?

The major parts of a standard strategic plan include the following:Mission, vision, and aspirations.Core values.Strengths, weaknesses, opportunities, and threats.Objectives, strategies, and operational tactics.Measurements and funding streams.

What are the 4 types of planning?

The 4 Types of PlansOperational Planning. “Operational plans are about how things need to happen,” motivational leadership speaker Mack Story said at LinkedIn. … Strategic Planning. “Strategic plans are all about why things need to happen,” Story said. … Tactical Planning. … Contingency Planning.

What are effective strategies?

To measure the effectiveness of a strategy, you have to examine how it links your objectives to the way you plan to achieve them and the means you plan to use. A strategy is effective if it uses the resources you allocate according to your plan and delivers the expected results.

What are the five steps in the strategic control process?

The five stages of the process are goal-setting, analysis, strategy formation, strategy implementation and strategy monitoring.Clarify Your Vision. The purpose of goal-setting is to clarify the vision for your business. … Gather and Analyze Information. … Formulate a Strategy. … Implement Your Strategy. … Evaluate and Control.

What are the three major phases of strategic control?

There are three basic steps to strategic control process: measurement organizational performance, comparing organizational performance to goals and standards, and taking corrective action.

What is the first step in the strategic planning process?

What is the Strategic Planning Process?Identify Your Strategic Position. The first stage prepares you for the rest of the strategic planning process. … Gather People and Information. … Perform a SWOT Analysis. … Formulate a Strategic Plan. … Execute Your Strategic Plan. … Constantly Monitor Performance.

What is the importance of strategic control?

An organization needs to integrate its strategy and control systems to ensure that strategy helps the organization in achieving its goals. Strategic control specifically aims at ensuring that the organization is maintaining an effective alignment with its environment and moving toward achieving its strategic goals.

What are the four steps of strategic planning?

Here are the Four Stages: Formation: Developing the plan. … Communication: Sharing the plan. … Implementation: Doing the plan. … Evaluation: Assessing the plan.

How do you prepare a strategic planning session?

Preparation Makes Perfect: 5 Tips for Preparing for Your Strategic Planning Session Make sure the session objectives are crystal clear and tied to documented deliverables. … Use pre-work to make your life easier and the meeting 10x more effective. … Commit to governance.More items…•

What is the starting point of strategic intent?

Vision is the starting point of strategic intent. The fundamental purpose of strategic planning is to align a company’s mission with its vision.

What are the 3 types of controls?

There are three main types of internal controls: detective, preventative, and corrective. Controls are typically policies and procedures or technical safeguards that are implemented to prevent problems and protect the assets of an organization.

What are the 7 steps of the strategic management process?

Seven steps of a strategic planning processUnderstand the need for a strategic plan.Set goals.Develop assumptions or premises.Research different ways to achieve objectives.Choose your plan of action.Develop a supporting plan.Implement the strategic plan.

What are the six major components of strategic planning?

6 Elements Of Effective Strategic PlanningDefine your vision. The vision statement of an organization is an aspirational description of what an organization would like to achieve or accomplish in the future – it is the goal. … Create your mission. … Set your objectives. … Develop your strategy. … Outline your approach. … Get down to tactics.

What are the three steps in the planning process?

The steps in the planning process are: Develop objectives….Step One: Develop Objectives. … Step Two: Develop Tasks to Meet Those Objectives. … Step Three: Determine Resources Needed to Implement Tasks. … Step Four: Create a Timeline. … Step Five: Determine Tracking and Assessment Method.

What are the four types of strategic control?

Strategic Control – 4 Major Types: Premise, Implementation, Strategic Surveillance and Special Alert Control.