1.

What is Premise Control

Ans: Premise control is designed to continually and systematically verify whether those
assumptions, which are foundational to your strategy, are still true. Every strategy is
based on certain planning premises –assumptions or predictions.
2.State the Important of Strategic control & Explain its Type.
Ans: Strategic Control processes ensure that the actions required to achieve strategic
goals are carried out, and checks to ensure that these actions are having the required
impact on the organisation. the four types of strategic control in management: 1.Premise
Control. 2.Implementation Control. 3.Special Alert Control. 4.Strategic Surveillance Control.
3.Discuss the various techniques used for strategic control
Ans: The tools and techniques of strategic control can be classified into the following two
major groups:
A. Strategic momentum control; and B. Strategic leap control.
(A) Strategic momentum control: These techniques are aimed at assuring that the
assumptions on whose basis strategies were formulated are still valid, and finding out what
needs to be done in order to allow the organization to maintain its existing strategic
momentum. It includes the following techniques:
Responsibility control centers: In this technique, strategies are evaluated and controlled on
the basis of revenue, expense, profit, and investment centers.
The underlying success factors: On the basis of Key Success Factors (KSFs) of an
organization, the strategists can continually evaluate and control the strategy.
The generic strategic approach: This approach is based on the assumption that the strategies
adopted by a firm similar to another firm are comparable.
(B) Strategic leap control: This control can assist organizations by helping to define the new
strategic requirements and cope with emerging environmental. realities. It includes the
following techniques:
Strategic issue management: This technique is aimed at identifying one or more strategic
issues and assessing their impact on the organization,
Strategic field analysis: It is a way of examining the nature and extent of synergies that exist
or are lacking between the components of an organization.
System modeling: It is based on computer-based models that stimulate the essential features
of the organization and its environment.
Scenarios: Scenarios are perceptions about the likely environment a firm would face in the
future
So, these are the various tools and techniques used in strategic evaluation and control. The
controlling function includes activities undertaken by managers to ensure that actual results
conform to planned results.
4.Define Strategic Surveillance
Ans: Strategic surveillance is the observation of events and situations that may affect a
company's bottom line. This can be achieved through customer interviews, the review of
industry-related research, and the monitoring of websites and social media.
5. Differentiate between strategic Control & Operational Control
Ans: Strategic management focuses on the future of the company, expanding a business plan
to last for three to five years. Operational management, however, focuses on more short-term
ideas and implementation tactics. Leaders using operational management may create plans
that consider up to a year in the company's future.
Operational control involves control over intermediate-term operations and processes but not
business strategies. Operational control systems ensure that activities are consistent with
established plans. Mid-level management uses operational controls for intermediate-term
decisions, typically over one to two years.
6. Illustrate the Strategic control Process in details.
Ans: Here are the six steps involved in the strategic control process: 1.Determining What
to Control. 2. Setting Standards. 3. Measuring Performance. 4. Comparing Performance. 5.
Analysing Deviations. 6. Corrective Action.
7.What is Behavioural implementation
Ans: The behavioral of the employees affect the success of the organization. Strategic
implementation requires support, discipline, motivation and hard work from all manager
and employees. Influence Tactics: The organizational leaders have to successfully
implement the strategies and achieve the objectives.
8.Give the concept of co-creation of value.
Ans:Co-creation is a collaborative initiative between companies and their customers
enabling the joint design of products and services. These initiatives include the creation of
goods, services and experiences, amplifying the process via the inclusion of client intellectual
capital.
9. Elaborate the stages of social innovation discuss the impact of social innovations
Ans: Six Stages of Social Innovation
1. Prompts, inspirations, and diagnoses. Want to keep.
2. Proposals and ideas. In this phase, we focus on idea generation and solution finding.
3. Prototyping and pilots. In this phase, theory meets practice.
4. Sustaining.
5. Scaling and diffusion.
6. System change.
7. References.
Last but not least, innovation also has a positive impact on company culture as it increases
the ability to acquire, create and make the best use of competencies, skills and
knowledge. Innovation practices can help build a culture of continuous learning, growth and
personal development.