SlideShare a Scribd company logo
1 of 9
Download to read offline
Strategically Understanding Company
Aderia Hanifa Ananda 2191011004
Definition
comprehensive and in-depth
comprehension of all aspects related
to a company's operations, goals,
competitive environment, and
long-term vision. It involves a holistic
analysis of both internal and external
factors that influence the company's
performance and decision-making
processes. understanding enables
an organization to make informed
choices, allocate resources
effectively, and develop plans and
initiatives that align with its mission
and strategic objectives.
Core Values
Monitoring and Adaptation
Mission and Vision
Business Objectives
Internal Factors
External Factors
Competitive Landscape
resource allocation
Performance Metrics
MIssion and Vission
The mission of a company
articulates its core purpose,
answering questions like "Why
do we exist?" It defines the
fundamental reason for the
company's existence, beyond
profit.
The vision statement outlines the
company's aspirational long-term
goals, painting a vivid picture of
what the company aims to
achieve in the future. It acts as a
guiding star for decision-making
and goal-setting.
Core values are the ethical principles and beliefs that
shape the company's culture. They serve as a moral
compass, guiding employees in their daily actions and
interactions.
These values often influence strategic decisions, as they
reflect the company's commitment to integrity,
responsibility, and other important principles.
Business
Objectives
Business objectives provide clarity
on what the company intends to
accomplish. They should be
specific, measurable, achievable,
relevant, and time-bound (SMART).
Objectives can range from financial
targets (e.g., revenue growth, profit
margins) to broader goals (e.g.,
expanding market share, entering
new markets).
Internal and External Factor
A SWOT analysis dives into internal
factors. Strengths and weaknesses
relate to the company's internal
capabilities and limitations.
Strengths might include a skilled
workforce, while weaknesses could
be outdated technology.
Identifying these factors helps in
leveraging strengths and addressing
weaknesses to gain a competitive
edge.
The PESTEL analysis evaluates
external factors that can influence
the company's operations. For
example, understanding political
factors involves assessing
government policies and regulations
that may impact the industry.
Environmental factors can include
sustainability trends, and
technological factors can involve
innovations that affect the industry
landscape.
Internal Factor External Factor
Competitive
Landscape
In analyzing the competitive landscape, it's
crucial to identify key competitors and
understand their strengths and weaknesses.
Furthermore, assessing your company's
competitive advantage, whether through cost
leadership, differentiation, or other strategies,
is pivotal in positioning your business
effectively.
Strategic Planning - resource allocation
Allocating resources involves
determining how to best allocate
financial, human, and other resources to
support strategic initiatives.
This process requires careful
consideration to ensure resources are
used efficiently and effectively.
Strategic planning involves setting clear,
actionable goals aligned with the
company's mission, vision, and values.
It encompasses choosing appropriate
strategies (e.g., growth, stability,
retrenchment) and outlining the steps to
achieve those goals.
Resource Allocation
Strategic Planning
Establishing KPIs enables the measurement of
progress towards strategic objectives. Metrics
might include revenue growth rates, customer
satisfaction scores, or market share percentages.
KPIs help in tracking performance and making
data-driven decisions.
Regularly monitoring the strategic plan allows a
company to adapt to changing circumstances. This
includes conducting periodic reviews, gathering
feedback, and being agile in response to
unexpected challenges or opportunities.
Effective monitoring and adaptation ensure the
company remains on course towards its strategic
objectives.
performance metrics:
Monitoring and Adaptation
Thank You

More Related Content

Similar to Manajemen Produk dan Hargf

Strategic management
Strategic managementStrategic management
Strategic managementSiva Sangari
 
24398947 strategic-management-final-notes
24398947 strategic-management-final-notes24398947 strategic-management-final-notes
24398947 strategic-management-final-notesSantosh Pathak
 
parakhiya vasant
parakhiya vasantparakhiya vasant
parakhiya vasantguest488c46
 
strategy management copy.pdf
strategy management copy.pdfstrategy management copy.pdf
strategy management copy.pdfpacodep892
 
Meaning of strategic management & its levels111
Meaning of strategic management & its levels111Meaning of strategic management & its levels111
Meaning of strategic management & its levels111Apeksha Bhatkar
 
strategicmanagement
strategicmanagement strategicmanagement
strategicmanagement akash gupta
 
Businesspolicystrategicmanagement 140114205004-phpapp01
Businesspolicystrategicmanagement 140114205004-phpapp01Businesspolicystrategicmanagement 140114205004-phpapp01
Businesspolicystrategicmanagement 140114205004-phpapp01nonjabulo maziya
 
The Role of Strategic Direction in Organisational Design
The Role of Strategic Direction in Organisational DesignThe Role of Strategic Direction in Organisational Design
The Role of Strategic Direction in Organisational DesignSwarnaLakshmi26
 
Organizational analysis 5
Organizational analysis 5Organizational analysis 5
Organizational analysis 5Abimibola Nanna
 
Strategy organizational design_and_effec32
Strategy organizational design_and_effec32Strategy organizational design_and_effec32
Strategy organizational design_and_effec32Krishna S S
 
Assignment on Strategic Management
Assignment on Strategic ManagementAssignment on Strategic Management
Assignment on Strategic ManagementPriyanka Thakur
 
THE ROLE OF THE STRATEGIC DIRECTION IN ORGANIZATION DESIGN
THE ROLE OF THE STRATEGIC DIRECTION IN ORGANIZATION DESIGNTHE ROLE OF THE STRATEGIC DIRECTION IN ORGANIZATION DESIGN
THE ROLE OF THE STRATEGIC DIRECTION IN ORGANIZATION DESIGNNavrit Harshavardan
 
My ppt @ becdomson introduction to management
My ppt @ becdomson introduction to managementMy ppt @ becdomson introduction to management
My ppt @ becdomson introduction to managementBabasab Patil
 
The role of strategic direction in organization design
The role of strategic direction in organization designThe role of strategic direction in organization design
The role of strategic direction in organization designRajamani5373
 
Page 1 of 2 Capstone Experience in Integration & Strategy .docx
Page 1 of 2 Capstone Experience in Integration & Strategy  .docxPage 1 of 2 Capstone Experience in Integration & Strategy  .docx
Page 1 of 2 Capstone Experience in Integration & Strategy .docxalfred4lewis58146
 
Strategic Planning
Strategic PlanningStrategic Planning
Strategic Planningmcmetzger01
 
The process of strategic planning
The process of strategic planning The process of strategic planning
The process of strategic planning crfs2211
 

Similar to Manajemen Produk dan Hargf (20)

Strategic management
Strategic managementStrategic management
Strategic management
 
24398947 strategic-management-final-notes
24398947 strategic-management-final-notes24398947 strategic-management-final-notes
24398947 strategic-management-final-notes
 
parakhiya vasant
parakhiya vasantparakhiya vasant
parakhiya vasant
 
Strategic managment
Strategic managmentStrategic managment
Strategic managment
 
strategy management copy.pdf
strategy management copy.pdfstrategy management copy.pdf
strategy management copy.pdf
 
Ppt orag desg
Ppt orag desgPpt orag desg
Ppt orag desg
 
Meaning of strategic management & its levels111
Meaning of strategic management & its levels111Meaning of strategic management & its levels111
Meaning of strategic management & its levels111
 
strategicmanagement
strategicmanagement strategicmanagement
strategicmanagement
 
Businesspolicystrategicmanagement 140114205004-phpapp01
Businesspolicystrategicmanagement 140114205004-phpapp01Businesspolicystrategicmanagement 140114205004-phpapp01
Businesspolicystrategicmanagement 140114205004-phpapp01
 
The Role of Strategic Direction in Organisational Design
The Role of Strategic Direction in Organisational DesignThe Role of Strategic Direction in Organisational Design
The Role of Strategic Direction in Organisational Design
 
Organizational analysis 5
Organizational analysis 5Organizational analysis 5
Organizational analysis 5
 
Strategy organizational design_and_effec32
Strategy organizational design_and_effec32Strategy organizational design_and_effec32
Strategy organizational design_and_effec32
 
Assignment on Strategic Management
Assignment on Strategic ManagementAssignment on Strategic Management
Assignment on Strategic Management
 
THE ROLE OF THE STRATEGIC DIRECTION IN ORGANIZATION DESIGN
THE ROLE OF THE STRATEGIC DIRECTION IN ORGANIZATION DESIGNTHE ROLE OF THE STRATEGIC DIRECTION IN ORGANIZATION DESIGN
THE ROLE OF THE STRATEGIC DIRECTION IN ORGANIZATION DESIGN
 
My ppt @ becdomson introduction to management
My ppt @ becdomson introduction to managementMy ppt @ becdomson introduction to management
My ppt @ becdomson introduction to management
 
The role of strategic direction in organization design
The role of strategic direction in organization designThe role of strategic direction in organization design
The role of strategic direction in organization design
 
Page 1 of 2 Capstone Experience in Integration & Strategy .docx
Page 1 of 2 Capstone Experience in Integration & Strategy  .docxPage 1 of 2 Capstone Experience in Integration & Strategy  .docx
Page 1 of 2 Capstone Experience in Integration & Strategy .docx
 
Strategic Planning
Strategic PlanningStrategic Planning
Strategic Planning
 
All articles
All articlesAll articles
All articles
 
The process of strategic planning
The process of strategic planning The process of strategic planning
The process of strategic planning
 

Recently uploaded

Zepto Case study(On Track to Profitability).pptx
Zepto Case study(On Track to Profitability).pptxZepto Case study(On Track to Profitability).pptx
Zepto Case study(On Track to Profitability).pptxaryan963438
 
How to exchange my pi coins on HTX in 2024
How to exchange my pi coins on HTX in 2024How to exchange my pi coins on HTX in 2024
How to exchange my pi coins on HTX in 2024DOT TECH
 
ASSESSING HRM EFFECTIVENESS AND PERFORMANCE ENHANCEMENT MEASURES IN THE BANKI...
ASSESSING HRM EFFECTIVENESS AND PERFORMANCE ENHANCEMENT MEASURES IN THE BANKI...ASSESSING HRM EFFECTIVENESS AND PERFORMANCE ENHANCEMENT MEASURES IN THE BANKI...
ASSESSING HRM EFFECTIVENESS AND PERFORMANCE ENHANCEMENT MEASURES IN THE BANKI...indexPub
 
一比一原版(Concordia毕业证书)康卡迪亚大学毕业证成绩单学位证书
一比一原版(Concordia毕业证书)康卡迪亚大学毕业证成绩单学位证书一比一原版(Concordia毕业证书)康卡迪亚大学毕业证成绩单学位证书
一比一原版(Concordia毕业证书)康卡迪亚大学毕业证成绩单学位证书atedyxc
 
一比一原版(UPenn毕业证书)宾夕法尼亚大学毕业证成绩单学位证书
一比一原版(UPenn毕业证书)宾夕法尼亚大学毕业证成绩单学位证书一比一原版(UPenn毕业证书)宾夕法尼亚大学毕业证成绩单学位证书
一比一原版(UPenn毕业证书)宾夕法尼亚大学毕业证成绩单学位证书atedyxc
 
NO1 Best kala jadu karne wale ka contact number kala jadu karne wale baba kal...
NO1 Best kala jadu karne wale ka contact number kala jadu karne wale baba kal...NO1 Best kala jadu karne wale ka contact number kala jadu karne wale baba kal...
NO1 Best kala jadu karne wale ka contact number kala jadu karne wale baba kal...Amil baba
 
Pitch-deck CopyFinancial and MemberForex.ppsx
Pitch-deck CopyFinancial and MemberForex.ppsxPitch-deck CopyFinancial and MemberForex.ppsx
Pitch-deck CopyFinancial and MemberForex.ppsxFuadS2
 
一比一原版(WashU毕业证书)圣路易斯华盛顿大学毕业证成绩单学位证书
一比一原版(WashU毕业证书)圣路易斯华盛顿大学毕业证成绩单学位证书一比一原版(WashU毕业证书)圣路易斯华盛顿大学毕业证成绩单学位证书
一比一原版(WashU毕业证书)圣路易斯华盛顿大学毕业证成绩单学位证书atedyxc
 
一比一原版(UCSD毕业证书)加利福尼亚大学圣迭戈分校毕业证成绩单学位证书
一比一原版(UCSD毕业证书)加利福尼亚大学圣迭戈分校毕业证成绩单学位证书一比一原版(UCSD毕业证书)加利福尼亚大学圣迭戈分校毕业证成绩单学位证书
一比一原版(UCSD毕业证书)加利福尼亚大学圣迭戈分校毕业证成绩单学位证书atedyxc
 
一比一原版(Caltech毕业证书)加州理工学院毕业证成绩单学位证书
一比一原版(Caltech毕业证书)加州理工学院毕业证成绩单学位证书一比一原版(Caltech毕业证书)加州理工学院毕业证成绩单学位证书
一比一原版(Caltech毕业证书)加州理工学院毕业证成绩单学位证书atedyxc
 
Satoshi DEX Leverages Layer 2 To Transform DeFi Ecosystem.pdf
Satoshi DEX Leverages Layer 2 To Transform DeFi Ecosystem.pdfSatoshi DEX Leverages Layer 2 To Transform DeFi Ecosystem.pdf
Satoshi DEX Leverages Layer 2 To Transform DeFi Ecosystem.pdfcoingabbar
 
The Pfandbrief Roundtable 2024 - Covered Bonds
The Pfandbrief Roundtable 2024 - Covered BondsThe Pfandbrief Roundtable 2024 - Covered Bonds
The Pfandbrief Roundtable 2024 - Covered BondsNeil Day
 
Production and Cost of the firm with curves
Production and Cost of the firm with curvesProduction and Cost of the firm with curves
Production and Cost of the firm with curvesArifa Saeed
 
Rapport annuel de Encevo Group pour l'année 2023
Rapport annuel de Encevo Group pour l'année 2023Rapport annuel de Encevo Group pour l'année 2023
Rapport annuel de Encevo Group pour l'année 2023Paperjam_redaction
 
一比一原版(UC Davis毕业证书)加州大学戴维斯分校毕业证成绩单学位证书
一比一原版(UC Davis毕业证书)加州大学戴维斯分校毕业证成绩单学位证书一比一原版(UC Davis毕业证书)加州大学戴维斯分校毕业证成绩单学位证书
一比一原版(UC Davis毕业证书)加州大学戴维斯分校毕业证成绩单学位证书atedyxc
 
TriStar Gold- 05-13-2024 corporate presentation
TriStar Gold- 05-13-2024 corporate presentationTriStar Gold- 05-13-2024 corporate presentation
TriStar Gold- 05-13-2024 corporate presentationAdnet Communications
 
Financial Accounting and Analysis balancesheet.pdf
Financial Accounting and Analysis balancesheet.pdfFinancial Accounting and Analysis balancesheet.pdf
Financial Accounting and Analysis balancesheet.pdfmukul381940
 
一比一原版(UMich毕业证书)密歇根大学安娜堡分校毕业证成绩单学位证书
一比一原版(UMich毕业证书)密歇根大学安娜堡分校毕业证成绩单学位证书一比一原版(UMich毕业证书)密歇根大学安娜堡分校毕业证成绩单学位证书
一比一原版(UMich毕业证书)密歇根大学安娜堡分校毕业证成绩单学位证书atedyxc
 
一比一原版(Caltech毕业证书)加利福尼亚理工学院毕业证成绩单学位证书
一比一原版(Caltech毕业证书)加利福尼亚理工学院毕业证成绩单学位证书一比一原版(Caltech毕业证书)加利福尼亚理工学院毕业证成绩单学位证书
一比一原版(Caltech毕业证书)加利福尼亚理工学院毕业证成绩单学位证书atedyxc
 
一比一原版(BU毕业证书)波士顿大学毕业证成绩单学位证书
一比一原版(BU毕业证书)波士顿大学毕业证成绩单学位证书一比一原版(BU毕业证书)波士顿大学毕业证成绩单学位证书
一比一原版(BU毕业证书)波士顿大学毕业证成绩单学位证书atedyxc
 

Recently uploaded (20)

Zepto Case study(On Track to Profitability).pptx
Zepto Case study(On Track to Profitability).pptxZepto Case study(On Track to Profitability).pptx
Zepto Case study(On Track to Profitability).pptx
 
How to exchange my pi coins on HTX in 2024
How to exchange my pi coins on HTX in 2024How to exchange my pi coins on HTX in 2024
How to exchange my pi coins on HTX in 2024
 
ASSESSING HRM EFFECTIVENESS AND PERFORMANCE ENHANCEMENT MEASURES IN THE BANKI...
ASSESSING HRM EFFECTIVENESS AND PERFORMANCE ENHANCEMENT MEASURES IN THE BANKI...ASSESSING HRM EFFECTIVENESS AND PERFORMANCE ENHANCEMENT MEASURES IN THE BANKI...
ASSESSING HRM EFFECTIVENESS AND PERFORMANCE ENHANCEMENT MEASURES IN THE BANKI...
 
一比一原版(Concordia毕业证书)康卡迪亚大学毕业证成绩单学位证书
一比一原版(Concordia毕业证书)康卡迪亚大学毕业证成绩单学位证书一比一原版(Concordia毕业证书)康卡迪亚大学毕业证成绩单学位证书
一比一原版(Concordia毕业证书)康卡迪亚大学毕业证成绩单学位证书
 
一比一原版(UPenn毕业证书)宾夕法尼亚大学毕业证成绩单学位证书
一比一原版(UPenn毕业证书)宾夕法尼亚大学毕业证成绩单学位证书一比一原版(UPenn毕业证书)宾夕法尼亚大学毕业证成绩单学位证书
一比一原版(UPenn毕业证书)宾夕法尼亚大学毕业证成绩单学位证书
 
NO1 Best kala jadu karne wale ka contact number kala jadu karne wale baba kal...
NO1 Best kala jadu karne wale ka contact number kala jadu karne wale baba kal...NO1 Best kala jadu karne wale ka contact number kala jadu karne wale baba kal...
NO1 Best kala jadu karne wale ka contact number kala jadu karne wale baba kal...
 
Pitch-deck CopyFinancial and MemberForex.ppsx
Pitch-deck CopyFinancial and MemberForex.ppsxPitch-deck CopyFinancial and MemberForex.ppsx
Pitch-deck CopyFinancial and MemberForex.ppsx
 
一比一原版(WashU毕业证书)圣路易斯华盛顿大学毕业证成绩单学位证书
一比一原版(WashU毕业证书)圣路易斯华盛顿大学毕业证成绩单学位证书一比一原版(WashU毕业证书)圣路易斯华盛顿大学毕业证成绩单学位证书
一比一原版(WashU毕业证书)圣路易斯华盛顿大学毕业证成绩单学位证书
 
一比一原版(UCSD毕业证书)加利福尼亚大学圣迭戈分校毕业证成绩单学位证书
一比一原版(UCSD毕业证书)加利福尼亚大学圣迭戈分校毕业证成绩单学位证书一比一原版(UCSD毕业证书)加利福尼亚大学圣迭戈分校毕业证成绩单学位证书
一比一原版(UCSD毕业证书)加利福尼亚大学圣迭戈分校毕业证成绩单学位证书
 
一比一原版(Caltech毕业证书)加州理工学院毕业证成绩单学位证书
一比一原版(Caltech毕业证书)加州理工学院毕业证成绩单学位证书一比一原版(Caltech毕业证书)加州理工学院毕业证成绩单学位证书
一比一原版(Caltech毕业证书)加州理工学院毕业证成绩单学位证书
 
Satoshi DEX Leverages Layer 2 To Transform DeFi Ecosystem.pdf
Satoshi DEX Leverages Layer 2 To Transform DeFi Ecosystem.pdfSatoshi DEX Leverages Layer 2 To Transform DeFi Ecosystem.pdf
Satoshi DEX Leverages Layer 2 To Transform DeFi Ecosystem.pdf
 
The Pfandbrief Roundtable 2024 - Covered Bonds
The Pfandbrief Roundtable 2024 - Covered BondsThe Pfandbrief Roundtable 2024 - Covered Bonds
The Pfandbrief Roundtable 2024 - Covered Bonds
 
Production and Cost of the firm with curves
Production and Cost of the firm with curvesProduction and Cost of the firm with curves
Production and Cost of the firm with curves
 
Rapport annuel de Encevo Group pour l'année 2023
Rapport annuel de Encevo Group pour l'année 2023Rapport annuel de Encevo Group pour l'année 2023
Rapport annuel de Encevo Group pour l'année 2023
 
一比一原版(UC Davis毕业证书)加州大学戴维斯分校毕业证成绩单学位证书
一比一原版(UC Davis毕业证书)加州大学戴维斯分校毕业证成绩单学位证书一比一原版(UC Davis毕业证书)加州大学戴维斯分校毕业证成绩单学位证书
一比一原版(UC Davis毕业证书)加州大学戴维斯分校毕业证成绩单学位证书
 
TriStar Gold- 05-13-2024 corporate presentation
TriStar Gold- 05-13-2024 corporate presentationTriStar Gold- 05-13-2024 corporate presentation
TriStar Gold- 05-13-2024 corporate presentation
 
Financial Accounting and Analysis balancesheet.pdf
Financial Accounting and Analysis balancesheet.pdfFinancial Accounting and Analysis balancesheet.pdf
Financial Accounting and Analysis balancesheet.pdf
 
一比一原版(UMich毕业证书)密歇根大学安娜堡分校毕业证成绩单学位证书
一比一原版(UMich毕业证书)密歇根大学安娜堡分校毕业证成绩单学位证书一比一原版(UMich毕业证书)密歇根大学安娜堡分校毕业证成绩单学位证书
一比一原版(UMich毕业证书)密歇根大学安娜堡分校毕业证成绩单学位证书
 
一比一原版(Caltech毕业证书)加利福尼亚理工学院毕业证成绩单学位证书
一比一原版(Caltech毕业证书)加利福尼亚理工学院毕业证成绩单学位证书一比一原版(Caltech毕业证书)加利福尼亚理工学院毕业证成绩单学位证书
一比一原版(Caltech毕业证书)加利福尼亚理工学院毕业证成绩单学位证书
 
一比一原版(BU毕业证书)波士顿大学毕业证成绩单学位证书
一比一原版(BU毕业证书)波士顿大学毕业证成绩单学位证书一比一原版(BU毕业证书)波士顿大学毕业证成绩单学位证书
一比一原版(BU毕业证书)波士顿大学毕业证成绩单学位证书
 

Manajemen Produk dan Hargf

  • 2. Definition comprehensive and in-depth comprehension of all aspects related to a company's operations, goals, competitive environment, and long-term vision. It involves a holistic analysis of both internal and external factors that influence the company's performance and decision-making processes. understanding enables an organization to make informed choices, allocate resources effectively, and develop plans and initiatives that align with its mission and strategic objectives. Core Values Monitoring and Adaptation Mission and Vision Business Objectives Internal Factors External Factors Competitive Landscape resource allocation Performance Metrics
  • 3. MIssion and Vission The mission of a company articulates its core purpose, answering questions like "Why do we exist?" It defines the fundamental reason for the company's existence, beyond profit. The vision statement outlines the company's aspirational long-term goals, painting a vivid picture of what the company aims to achieve in the future. It acts as a guiding star for decision-making and goal-setting. Core values are the ethical principles and beliefs that shape the company's culture. They serve as a moral compass, guiding employees in their daily actions and interactions. These values often influence strategic decisions, as they reflect the company's commitment to integrity, responsibility, and other important principles.
  • 4. Business Objectives Business objectives provide clarity on what the company intends to accomplish. They should be specific, measurable, achievable, relevant, and time-bound (SMART). Objectives can range from financial targets (e.g., revenue growth, profit margins) to broader goals (e.g., expanding market share, entering new markets).
  • 5. Internal and External Factor A SWOT analysis dives into internal factors. Strengths and weaknesses relate to the company's internal capabilities and limitations. Strengths might include a skilled workforce, while weaknesses could be outdated technology. Identifying these factors helps in leveraging strengths and addressing weaknesses to gain a competitive edge. The PESTEL analysis evaluates external factors that can influence the company's operations. For example, understanding political factors involves assessing government policies and regulations that may impact the industry. Environmental factors can include sustainability trends, and technological factors can involve innovations that affect the industry landscape. Internal Factor External Factor
  • 6. Competitive Landscape In analyzing the competitive landscape, it's crucial to identify key competitors and understand their strengths and weaknesses. Furthermore, assessing your company's competitive advantage, whether through cost leadership, differentiation, or other strategies, is pivotal in positioning your business effectively.
  • 7. Strategic Planning - resource allocation Allocating resources involves determining how to best allocate financial, human, and other resources to support strategic initiatives. This process requires careful consideration to ensure resources are used efficiently and effectively. Strategic planning involves setting clear, actionable goals aligned with the company's mission, vision, and values. It encompasses choosing appropriate strategies (e.g., growth, stability, retrenchment) and outlining the steps to achieve those goals. Resource Allocation Strategic Planning
  • 8. Establishing KPIs enables the measurement of progress towards strategic objectives. Metrics might include revenue growth rates, customer satisfaction scores, or market share percentages. KPIs help in tracking performance and making data-driven decisions. Regularly monitoring the strategic plan allows a company to adapt to changing circumstances. This includes conducting periodic reviews, gathering feedback, and being agile in response to unexpected challenges or opportunities. Effective monitoring and adaptation ensure the company remains on course towards its strategic objectives. performance metrics: Monitoring and Adaptation