Feed-forward control - prevention rather than cure, Strategic Management

Assignment Help:

Q. Feed-forward control - prevention rather than cure?

Feed-forward control would be a system that in a pre-emptive way, reacts to changes in its environment, normally to maintain some kind of desired state. Feed-forward control systems react to future performance expected e.g. make control adjustments, before adverse conditions expected do occur.

Forecasting ahead and doing something now before the event occurs
Examples include cash budgeting or strategic planning
Control action would be 'closing the stable door before the horse bolts'

Related Discussions:- Feed-forward control - prevention rather than cure

Benefits of implementing an ebusiness strategy, Question: (a). What...

Question: (a). What are the benefits of implementing an eBusiness Strategy at Delta Airlines? (b). Identify the different virtual market places in the case study. (c

expectation of stakeholders , 1.1 Describe the importance of external fact...

1.1 Describe the importance of external factors affecting an organization. 1.2 Examine the requires and expectation of stakeholders of an organization. 1.3 Examine the main chang

Three ways of sustaining competitive , Three ways of sustaining competitive...

Three ways of sustaining competitive benefit are? Ans) differentiation, Price-based strategies and lock-in

Destination marketing, how to market a downtown city?

how to market a downtown city?

Strategic management, explain strategy as an organisational process

explain strategy as an organisational process

Internal buying decisions, Transfer pricing is applied internally within a ...

Transfer pricing is applied internally within a group for management accounting purposes e.g. to measure the performance of divisions. Increasing or decreasing an internal transf

The strategies of the functional areas of an organisation, Discuss the ways...

Discuss the ways in which the strategies of the functional areas of an organisation should support the other levels of strategy. In describing how the functional strategies sup

What does process of crafting and executing strategy entail, What Does Proc...

What Does Process of Crafting & Executing Strategy Entail? 1. Crafting & executing a company's strategy is a five-stage managerial process: (a). Developing a strategic vi

In a cost/benefit analysis, Payback period = total cost of investment / est...

Payback period = total cost of investment / estimated annual revenue

Estimate the cost of making the threaded studs, Estimate the manufacturing ...

Estimate the manufacturing cost for a bearing housing following the Formula Student Costing Scheme. Dimensions and materials of the bearing housing will depend on your student

Write Your Message!

Name

Email id

Message

Verfication Code

User Account

All Pages