Components of the strategic planning process, management, Management Theories

Assignment Help:
1. Briefly explain the monitoring, measuring, and adjusting components of the strategic planning process.
The strategic plan are designed based on the predictions and assumptions, about on the predictions and assumptions about the future. Though the most realistic predictions and proper analysis data are done, there are chances of future differing from the predictions and plans become unrealistic during execution. Hence it is essential to monitor, measure the performance and make necessary adjustment in the plan.
Monitoring:Monitor continuously the assignments, schedules and the time frame to make sure everything works as per the strategic plan.
Measuring:Once the plans are executed compare and measure the actual performance with the planned performance.
Adjusting: Based on the results of monitoring and measuring make necessary adjustment in the plans and the activities to attain the organizational objectives.

Related Discussions:- Components of the strategic planning process, management

Operations Management , explain why a partnership approach to purchasing is...

explain why a partnership approach to purchasing is likely to be more beneficial than the more traditional approach for a medium sized manufacturing operation

Hrm, for the two selected organisations evaluate their selection practise a...

for the two selected organisations evaluate their selection practise and procedures adopted by the organization and compare these to ‘best practice.

Explain principal tasks of leadership, PRINCIPAL TASKS OF LEADERSHIP: A...

PRINCIPAL TASKS OF LEADERSHIP: A manager is mainly concerned with setting, objectives and goals, developing plans strategies, policies, etc making job assignments, coordinating

Recruitment and selection, a reason for the development and subsequent imp...

a reason for the development and subsequent implemantation of strategic recruitment and selection?

Emerging trends, give an account of emerging trends in management

give an account of emerging trends in management

Why is good design important for a product, Why is good design important fo...

Why is good design important for a product?  A good design is the key to booming product. Almost 2000 years ago a Roman Architect recorded the following attributes of a good d

Communication style, Communication Style: The act of communicati...

Communication Style: The act of communicating a message can be divided into four separate styles, as adapted from the company theorists Tannenbaum and Schmidt. The two d

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd