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Strategic evaluation
Strategic evaluation
Learning objectives
1. Outline the role of strategic evaluation in the business strategy
process
4.
Outline and discuss how the balanced scorecard and triple bottom line
reporting systems may be used in the strategic evaluation process.
Strategic evaluation
Outline
Introduction
Systems to monitor strategic performance
Some strategic performance reporting systems
The balanced scorecard
Triple bottom line reporting
Conclusion
Strategic evaluation: Summary
References
2.
Strategic analysis
3.
Analyse the
environment
Strategic
direction-setting
6.
Identify the
organisations
current vision,
mission and
strategic
objectives
Reassess the
organisations
vision, mission
and strategic
objectives
Analyse the
organisations
resources
Strategic
Strategic
implementation evaluation
Identify
opportunities
and threats
1.
4.
Strategic choice
7.
Formulate
business
strategies
8.
Implement
strategies
9.
Evaluate
results
5.
Identify
strengths and
weaknesses
(Source: Robbins, S. P., Bergman, R., Stagg, I. and Coulter, M. 2009. Management, 5th edition, Pearson Education,
Australia: 276; and Robbins, S. P., Bergman, R., and Stagg, I. 1997. Prentice Hall, Australia: 248 ).
Introduction
Administrative systems:
Purchasing
Payments
Cash collection
Human resource management.
Cash flow
Conclusion
Both the balanced score card and triple bottom line reporting
systems are designed to measure the extent to which firm
performance has satisfactorily progressed (or otherwise)
towards achieving the key strategic objectives identified
through the ethics and stakeholder analyses discussed in
the topic on strategic direction-setting.