Strategic Planning Control and Implementation Process

Strategic Planning Control and Implementation Process

Strategic Planning Control and Implementation Process

Strategic Planning Control is a very significant component of the implementation process, as it involves tracking, monitoring and evaluating the effectiveness of the strategies that have been implemented, as well as making any necessary adjustments and improvements when necessary.
The organizational planning takes place at several levels of the organization – the corporate level, the business level and operational level.
The corporate level consisting of the top management deals with long-term major decisions making such as allocation of resources, taking major risks for generating high profits.
The operational level decisions are short term and less risky in nature and lead incremental change in organizational operation.
Strategic Planning Control
A strategic plan is of little use to an organization without a means of putting it into place. In fact, implementation is an essential part of the Strategic Planning Control process, and organizations that develop strategic plans must expect to include a process for applying the plan.
Strategic Planning Control occurs in three ways. First, strategic planning is itself a form of control. Second, strategic plans are converted into reality not only by their influence on the management control activity but also by the key decisions regarding allocation of resources.
Third, while capital budgeting systems can respond to requests for resources that are consistent with the accepted strategic plan, the period between formal, comprehensive strategic planning exercises can give rise to unanticipated changes in the environment or unexpected internal crises.
Anthony views management planning and control as the processes by which (1) organizational objectives are achieved and (2) the use of resources is made effective and efficient.

OUR COURSES

Online Professional Certification