Strategic Control

Strategic control
Strategic control considers the changing assumptions that determine a strategy, continually evaluate the strategy as it is being implemented and take the necessary steps t adjust the strategy to new requirement. Types ± a) Premise control b) Implementation control c) Strategic Surveillance d) Special alert control

Operational Control
1. 2. 3. 4. Setting standard of performance Measurement of performance Analysis of variances Taking corrective action

Standard of performance
a) What standards to be set b) How should these standards be set? c) In what terms these standards be expressed?

Measurement of performance
a) Difficulties in measurement b) Timing of measurement c) Periodicity in measurement

Analysis of variances
a) b) c) The actual performance matches the budgeted performance The actual performance is better The actual performance is below

Important questions
1) 2) 3) 4) 5) Is the cause of deviations internal or external? Is the cause random or was it expected? Is the deviation temporary or permanent? Are the strategies still valid? Does the organization have the caacity to respond to the change needed?

Taking corrective action

a) Checking of Performance b) Checking of standards c) Reformulating strategies