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Made By:
Anita Sharma
 Deepali Jain
 Sakshi Arora
• Definition
• Purpose of Strategic Monitoring System
• Aspects of Strategic Monitoring System
    • Identify key variables
    • Tracking and Monitoring
    • Strategy reassessment
• Benefits of Strategic Monitoring System
• Strategic: A plan of action or policy designed to
             achieve a major or overall aim.

• Monitoring: Observe and check the progress or
                   quality of (something) over a
  period of        time; keep under systematic
  review.

• System: A set of things working together as
  parts of        a mechanism or an
  interconnecting network.
• Strategic Monitoring System is a system to measure
  progress in regular intervals.

• It is the process of regular observing and recording of
  activities that takes place in a project.

• It also involves giving feedback about the progress of the
  project.
• It helps to assure that you're actually performing the action,
  according to plan. That you're "on track."

• Got to be sure on the results achieve whether they align with
  objectives intended to accomplish.

• It helps to take corrective action, not only on Strategies but also
  on Planning.

• It provides the essential link between the written plan and the
  day-to-day operation of your business.
• What changes in the environment have negatively affected the
  current strategy (e.g. interest rates, govt. controls, or price
  changes in substitute products)?
• What changes have major competitors made in their
  objectives & strategies?
• What changes have occurred in the industry in such attributes
  as capacity, entry barriers, substitute products?
• What new opportunities or threats have derived from changes
  in the environment, competitors strategies, or the nature of the
  industry?
• What changes have occurred in the industry’s key success
  factors?
• To what extent is the firms current strategy consistent with the
  preceding changes?
• Identify key variable

• Tracking and Monitoring

• Strategy reassessment
The key variables are of 2 types:

1.Those concerned with external forces.

2.Those concerned with the effects of certain action taken
  by the firm to implement the strategy.
• The next step is to identify what information or
  measures are needed on each of the key Variables to
  determine whether the implementation of strategic plan
  is on schedule-and If not, why not.

• The firm can use the plan as an early warning system
  as well as diagnostic tool.

• In any event the firm must closely examine the
  relevancy, accuracy, and cost of obtaining the needed
  measures.
• This can take place at periodic intervals- for
  example, quarterly and annually when the firm
  evaluates its performance to date along with
  major changes in the external environment.
• It helps to check that actions were implemented as
  planned.
• It helps to check whether assumptions made during
  identification of the problem and its context were
  correct.
• It helps to check whether the actions have resulted in
  risk reductions.
THANK YOU

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Strategic monitoring-system

  • 1. Made By: Anita Sharma Deepali Jain Sakshi Arora
  • 2. • Definition • Purpose of Strategic Monitoring System • Aspects of Strategic Monitoring System • Identify key variables • Tracking and Monitoring • Strategy reassessment • Benefits of Strategic Monitoring System
  • 3. • Strategic: A plan of action or policy designed to achieve a major or overall aim. • Monitoring: Observe and check the progress or quality of (something) over a period of time; keep under systematic review. • System: A set of things working together as parts of a mechanism or an interconnecting network.
  • 4. • Strategic Monitoring System is a system to measure progress in regular intervals. • It is the process of regular observing and recording of activities that takes place in a project. • It also involves giving feedback about the progress of the project.
  • 5. • It helps to assure that you're actually performing the action, according to plan. That you're "on track." • Got to be sure on the results achieve whether they align with objectives intended to accomplish. • It helps to take corrective action, not only on Strategies but also on Planning. • It provides the essential link between the written plan and the day-to-day operation of your business.
  • 6. • What changes in the environment have negatively affected the current strategy (e.g. interest rates, govt. controls, or price changes in substitute products)? • What changes have major competitors made in their objectives & strategies? • What changes have occurred in the industry in such attributes as capacity, entry barriers, substitute products? • What new opportunities or threats have derived from changes in the environment, competitors strategies, or the nature of the industry? • What changes have occurred in the industry’s key success factors? • To what extent is the firms current strategy consistent with the preceding changes?
  • 7. • Identify key variable • Tracking and Monitoring • Strategy reassessment
  • 8. The key variables are of 2 types: 1.Those concerned with external forces. 2.Those concerned with the effects of certain action taken by the firm to implement the strategy.
  • 9. • The next step is to identify what information or measures are needed on each of the key Variables to determine whether the implementation of strategic plan is on schedule-and If not, why not. • The firm can use the plan as an early warning system as well as diagnostic tool. • In any event the firm must closely examine the relevancy, accuracy, and cost of obtaining the needed measures.
  • 10. • This can take place at periodic intervals- for example, quarterly and annually when the firm evaluates its performance to date along with major changes in the external environment.
  • 11. • It helps to check that actions were implemented as planned. • It helps to check whether assumptions made during identification of the problem and its context were correct. • It helps to check whether the actions have resulted in risk reductions.