Strategic control refers to the process of monitoring an organization's strategy to ensure that it is progressing in the intended direction and achieving its strategic objectives. Strategic controls are designed to help an organization identify and correct any deviations from its strategic plan and ensure that it is on track to achieve its long-term goals. There are several types of strategic controls that organizations can use to monitor and adjust their strategies.
1. Premise control: Premise control is used to monitor the assumptions and beliefs that underlie an organization's strategy. It involves assessing the external environment to identify changes in market conditions, customer preferences, technology, and other factors that could impact the organization's strategic direction. Premise control helps organizations ensure that their strategy is based on accurate and up-to-date information about the external environment.
2. Strategic surveillance: Strategic surveillance is used to monitor the organization's internal and external environment on an ongoing basis. It involves collecting and analyzing information about the organization's performance, as well as trends and changes in the external environment. Strategic surveillance helps organizations identify emerging threats and opportunities that could impact their strategic direction and adjust their strategy accordingly.
3. Special alert control: Special alert control is used to respond to unexpected events or changes in the external environment that require immediate action. It involves setting up a system to identify and respond to unexpected developments quickly. Special alert control helps organizations react quickly to sudden changes in the external environment and minimize the impact of unexpected events.
4. Implementation control: Implementation control is used to monitor the progress of the organization's strategic plan and ensure that it is being executed as intended. It involves tracking key performance indicators (KPIs) to assess progress toward strategic objectives and identifying any deviations from the plan. Implementation control helps organizations identify and address issues that could prevent them from achieving their strategic objectives.
5. Strategic feedback control: Strategic feedback control is used to gather feedback from stakeholders about the organization's strategic plan and performance. It involves collecting feedback from customers, employees, suppliers, and other stakeholders to assess their satisfaction with the organization's products or services and identify areas for improvement. Strategic feedback control helps organizations identify opportunities to improve their strategic plan and align it with the needs and preferences of stakeholders.
6. Strategic reevaluation: Strategic reevaluation is used to review the organization's strategic plan periodically and assess its continued relevance and effectiveness. It involves assessing the external environment and the organization's internal capabilities to identify any changes that could impact the strategic plan. Strategic reevaluation helps organizations adapt their strategic plan to changes in the internal or external environment and ensure that it remains relevant and effective.
In conclusion, strategic controls are essential for organizations to ensure that their strategic plan is on track and achieving its intended goals. Organizations can use a combination of different types of strategic controls to monitor their strategic plan and make adjustments as necessary. By using strategic controls effectively, organizations can ensure that they are adapting to changes in the internal and external environment and achieving their long-term strategic objectives.
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