Strategy: Four Types of Strategic Controls
Strategy: Four Types of Strategic Controls
Strategy: Four Types of Strategic Controls
STRATEGIC CONTROL
Strategic controls are 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.
Premise Control
Premises control is necessary to identify the key assumptions and its
implementation. Premises control serves the purpose of continually testing the
assumptions to find out whether they are still valid or not. This enables the strategists
to take corrective action at the right time rather than continuing with a strategy which
is based on erroneous assumptions.
Implementation Control
Strategic Surveillance
Strategic surveillance aimed at a more generalized and overarching control
designed to monitor a broad range of events inside and outside the company that are
likely to threaten the course of a firms strategy.