Feedback control - appraisal, Strategic Management

Assignment Help:

Feedback is a process where part of the output of a system is measured and returned as input to regulate the systems further output.   Feedback normally involves gathering information on past performance from the output of a system, comparing it to a predetermined standard or plan and using any material deviations, as a basis of improving future performance. 

  • Feedback can be negative (adverse) or positive (favourable)
  • Feedback is based on comparing actual to a standard of performance
  • Control action would be 'closing the stable door after the horse has bolted'

 


Related Discussions:- Feedback control - appraisal

Organisations strategic capabilities, Strategies of the organisation suppor...

Strategies of the organisation support in the business expansion and increase the revenue . Following are the strategic capabilities: Production: Open kitchen system is used by

#title.Hospitality Management, Recommendation for future strategies, Strate...

Recommendation for future strategies, Strategic Management. Conclusion

Determine the level of rents of social housing, Explain what is meant by 'n...

Explain what is meant by 'non-market housing' and by what means it is delivered in either the UK or a country of your choice. What problems arise in its delivery? Outl

Examples of external failure cost, Q. Examples of external failure cost ...

Q. Examples of external failure cost The customer perspective can control performance by the assessment of external quality failure.  Costs incurred after the customer has rec

Benefits of using balanced scorecard, Benefits of using balanced scorecard ...

Benefits of using balanced scorecard (BSC) - BSC encourages a long-term view of improving performance through time. - BSC considers both non-financial as well as financial m

Caselet, caselet in strategic management :National Competitive Advantage of...

caselet in strategic management :National Competitive Advantage of IKEA Group, a Swedish company founded in 1943 with its headquarters in Denmark, is a multinational operator of a

External buying decisions, The group consolidated financial results would n...

The group consolidated financial results would normally be effected, if an internal buyer uses their autonomy and makes a decision to buy outside the group, rather than buy interna

Multidimensional performance measurement, Q. Multidimensional performance m...

Q. Multidimensional performance measurement? Multidimensional performance  indicators recognise that the constant drive to increase profitability can ultimately be self-defeati

Pbpk models strategies, Model-Building Strategies Various strategies ha...

Model-Building Strategies Various strategies have been used when implementing whole body PBPK models. As discussed below, it is important to distinguish between model building

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