Components of the strategic planning process, management, Management Theories

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.
Posted Date: 2/6/2012 10:58:57 PM | Location : United States







Related Discussions:- Components of the strategic planning process, management, Assignment Help, Ask Question on Components of the strategic planning process, management, Get Answer, Expert's Help, Components of the strategic planning process, management Discussions

Write discussion on Components of the strategic planning process, management
Your posts are moderated
Related Questions
MERITS and DEMERITS OF TAYLORS THEORY MERITS OF TAYLORS THEORY Taylor's advocacy of scientific approach and management revolutionised management thoughts and practices whi

which step of selection process would help when hiring people to work in a doctors office

explain the heterotrophic modes of nutrients

Explain all of the various elements of the informed prediction step of the strategic planning process. Strategic Planning Process is a frame work within which the organization fu

A 1- year Canadian bond with a face value of 5000 can be purchased at 4800. a)    Determine the nominal interest rate in Canada. b)    If the Canadian dollar is predicted to de

Harrington Emerson: He proposed the 12 principles of efficiency. They are:- 1. Ideals: The best product in shortest time at the least expense is the ideal of the manageme



how would you recommend tertiary student to patronise the school canteen

As meetings should be democratic everyone present should be permitted to talk as much as he or she wants without interference from the leader. Do you agree or not ?