Reference no: EM132761339
The control process is essential to the achievement of goals. It allows a business to track their progress, make adjustments, and stay on schedule for what they're trying to achieve. Your chosen goal from the strategic management project needs these same types of controls. This course project assignment will task you with creating a detailed control process for that goal. Think through all of the departments that might be involved in the completion of the goals and how they'll need to be tracked. The course content from this week can be very useful in providing details on strategies and ideas for control processes. Some additional research will also prove useful.
Identify four separate strategies that you will use to control your strategic goal.
For each strategy:
Identify which aspect or metric of the goal they're controlling.
Explain the reasoning and value behind the control choice.
Identify the control as feed forward, concurrent, or feedback.
As an example, if my goal is to "decrease the amount of defective parts made on my assembly line by 5%", I could control it through regular maintenance checks (feed forward), thorough employee training on the machines (feed forward), and a software system that monitors production while it's happening and can print off detailed reports after work is completed (concurrent and feedback). You will need to go into much more detail on the structure, process, and purpose of your control methods, but this should give you a good idea of how to complete this assignment. Really think through how you'll keep up to speed with company progress on your strategic management goal.
|
Strategy formulation and implementation
: Describe what should be done to foster successful implementation of your chosen strategies
|
|
Significance of using the term emerging
: In light of the case presented here, discuss the significance of using the term emerging when describing what are thought to be new infectious diseases.
|
|
Discuss non controlling interest
: Discuss non controlling interests, goodwill. From 2019 Loblaw Companies Annual Report, outline the consolidation descriptions, accounting policies
|
|
Discuss advantage of using ri in brief
: Division A is an investment centre that uses return on investment (ROI) for its performance measure. Management bonuses are also based on ROI.
|
|
Control process is essential to achievement of goals
: The control process is essential to the achievement of goals. It allows a business to track their progress, make adjustments,
|
|
Primary limitations imposed by using hanging-drop method
: What are the primary limitations imposed by using Hanging-drop method (or Wet mount) to observe microorganisms? State at least two (2) accounts
|
|
Evaluate the merchandise inventory by the fifo method
: Evaluate the merchandise inventory by the FIFO method, record the transactions in the Journal, calculate the cost of the materials used and the final inventory.
|
|
Strategic management plan
: Before you submit the final version of your Strategic Management Plan, the last piece you need to create is an Executive Summary.
|
|
Discuss difference between static budget and flexible budget
: Using a flexible budget, and an example of a well-known company that might use a static budget. Explain why you have chosen the companies that you did.
|