SlideShare a Scribd company logo
1 of 17
CONTROL PROCESS
BY: NELSON M. AQUINO
STRATEGIC CONTOL
Strategic controls are intended to steer the company towards its
long-term strategic direction. After a strategy is selected, it is
implemented over time so as to guide a firm within a rapidly
changing environment. Strategies are forward-looking, and based
on management assumptions about numerous events that have
not yet occurred.
The purpose of strategic control is to identify whether the
organization should continue with its present strategy or modify
it is the light of changed circumstances.
TYPES STRATEGIC CONTOL
1. Premise Control
2. Implementation Control
3. Strategic Surveillance
4. Special Alert Control
CONTROL PROCESS
• The control process of management ensures that
every activity of a business is furthering its goals. This
process basically helps managers in evaluating their
organization’s performance. By using it effectively,
they can decide whether to change their plans or
continue with them as they are.
CONTROL PROCESS STEPS
Establishment of Standards
Measurement of Performance
Compare Performance
Taking Corrective Action
CONTROL PROCESS
Establishment of Standards
• Standards are, by definition, simply the criteria of performance.
• In an industrial enterprise, standards could include sales and
production targets, work attendance goals, safety records, etc.
• In service industries, on the other hand, standards might include
several time customers have to wait in the queue at a bank or the
number of new clients attracted by a revamped advertising
campaign.
CONTROL PROCESS
Measurement of Performance
• The measurement of performance against standards should be
done on a forward-looking basis so that deviations may be
detected in advance of their occurrence and avoided by
appropriate actions.
• If standards are appropriately drawn and if means are available
for determining exactly what subordinates are doing, appraisal
of actual or expected performance is fairly easy.
CONTROL PROCESS
Compare Performance
• It involves comparing the measured results with the standards
already set.
• If performance matches the standard, managers may assume
that “everything is under control”. In such a case the managers
do not have to intervene in the organization’s operations.
CONTROL PROCESS
Taking Corrective Actions
• This step becomes essential if performance falls short of
standards and the analysis indicates that corrective action is
required. The corrective action could involve a change in one
or more activities of the organization’s operations.
• Control can also reveal inappropriate standards and in that
case, the corrective action could involve a change in the
original standards rather than a change in performance.
TECHNIQUES OF EVALUATION
AND CONTROL
TECHNIQUES OF STRATEGIC EVALUATION AND CONTOL
GAP Analysis
• A gap analysis process allows organizations to determine how
to best achieve their business goals. It compares the current
state with an ideal state or goals, which highlights
shortcomings and opportunities for improvement.
Steps:
1. Analyze your Current State
2. Identify the Ideal Future State
3. Find the Gap and Evaluate Solution
4. Create and Implement a plan to bridge the Gap
TECHNIQUES OF STRATEGIC EVALUATION AND CONTOL
SWOT Analysis
• A SWOT analysis is a compilation of your company's strengths,
weaknesses, opportunities and threats.
• The primary objective of a SWOT analysis is to help organizations
develop a full awareness of all the factors involved in making a
business decision.
• Use your SWOT analysis to discover recommendations and
strategies, with a focus on leveraging strengths and opportunities to
overcome weaknesses and threats.
TECHNIQUES OF STRATEGIC EVALUATION AND CONTOL
PEST/PESTLE/PESTEL Analysis
• The analysis involves reviewing factors which will have an
impact on the organization's business and the level of success
it will be able to achieve and may be carried out as part of an
ongoing process of environmental scanning, to inform overall
strategy development or to support the development of a new
product or service.
ACTION CHECKLIST for PEST Analysis
1. Identify the most important issues.
2. Decide how the information is to be collected
and by whom.
3. Identify sources of information.
4. Gather the information.
5. Analyze the findings
6. Identify strategic options.
7. Write a report
8. Disseminate your findings
9. Decide which trends should be monitored on
an ongoing basis.
TECHNIQUES OF STRATEGIC EVALUATION AND CONTOL
Benchmarking
• In business, benchmarking is a process used to measure the
quality and performance of your company’s products, services,
and processes. These measurements don’t have much value
on their own—that data needs to be compared against some
sort of standard.
Types of Benchmarking
1. Internal Benchmarking
2. Competitive Benchmarking
3. Strategic Benchmarking
Steps of the Benchmarking Process
1. Select a subject to benchmark
2. Decide which organizations or companies you
want to benchmark
3. Document your current processes
4. Collect and analyze data
5. Measure your performance against the data
you’ve collected
6. Create a plan
7. Implement the changes
8. Repeat the process
CREDITS
• https://www.toppr.com/guides/business-management-and-
entrepreneurship/controlling-cs/control-process/
• https://www.lucidchart.com/blog/what-is-gap-analysis
• https://www.businessnewsdaily.com/4245-swot-analysis.html
• https://www.managers.org.uk/wp-
content/uploads/2020/03/Carrying-out-a-PEST-analysis.pdf
• https://www.lucidchart.com/blog/8-steps-of-the-
benchmarking-process
• https://www.yourarticlelibrary.com/strategic-
management/strategic-control/99745

More Related Content

Similar to Strategic Management

Controlling hardcopy
Controlling hardcopyControlling hardcopy
Controlling hardcopyAizell Bernal
 
LECT-10-STRATEGY FORMULATION, IMPLEMENTATION, EVALUATION & CONTROL.pptx
LECT-10-STRATEGY FORMULATION, IMPLEMENTATION, EVALUATION & CONTROL.pptxLECT-10-STRATEGY FORMULATION, IMPLEMENTATION, EVALUATION & CONTROL.pptx
LECT-10-STRATEGY FORMULATION, IMPLEMENTATION, EVALUATION & CONTROL.pptxdebajanipalai
 
Strategic evaluation
Strategic evaluationStrategic evaluation
Strategic evaluationShahidAli433
 
Perforamance measurement
Perforamance measurementPerforamance measurement
Perforamance measurementbreeza08
 
Stategic management
Stategic managementStategic management
Stategic managementShashi Singh
 
Evaluation and control in strategic management
Evaluation and control in strategic managementEvaluation and control in strategic management
Evaluation and control in strategic managementMeenakshi1994
 
Strategic evaluation and control.pptx
Strategic evaluation and control.pptxStrategic evaluation and control.pptx
Strategic evaluation and control.pptxAlishaMohapatra10
 
7Keeping Things in CheckControls and the Control Process.docx
7Keeping Things in CheckControls and the Control Process.docx7Keeping Things in CheckControls and the Control Process.docx
7Keeping Things in CheckControls and the Control Process.docxsleeperharwell
 
Controlling 17.9.22.pptx
Controlling 17.9.22.pptxControlling 17.9.22.pptx
Controlling 17.9.22.pptxRahulSen633699
 
Management Control
 Management Control Management Control
Management ControlRavi Savita
 
Quality management strategies
Quality management strategiesQuality management strategies
Quality management strategiesselinasimpson1501
 
Benchmarking.ppt
Benchmarking.pptBenchmarking.ppt
Benchmarking.pptSvitlana63
 
Chapter7 performancemeasures-140312231919-phpapp01
Chapter7 performancemeasures-140312231919-phpapp01Chapter7 performancemeasures-140312231919-phpapp01
Chapter7 performancemeasures-140312231919-phpapp01malikjameel1986
 

Similar to Strategic Management (20)

Controlling hardcopy
Controlling hardcopyControlling hardcopy
Controlling hardcopy
 
LECT-10-STRATEGY FORMULATION, IMPLEMENTATION, EVALUATION & CONTROL.pptx
LECT-10-STRATEGY FORMULATION, IMPLEMENTATION, EVALUATION & CONTROL.pptxLECT-10-STRATEGY FORMULATION, IMPLEMENTATION, EVALUATION & CONTROL.pptx
LECT-10-STRATEGY FORMULATION, IMPLEMENTATION, EVALUATION & CONTROL.pptx
 
Strategic evaluation
Strategic evaluationStrategic evaluation
Strategic evaluation
 
Perforamance measurement
Perforamance measurementPerforamance measurement
Perforamance measurement
 
Controlling (2)
Controlling (2)Controlling (2)
Controlling (2)
 
Stategic management
Stategic managementStategic management
Stategic management
 
PMS - Unit 3.pptx
PMS - Unit 3.pptxPMS - Unit 3.pptx
PMS - Unit 3.pptx
 
essentials of control.pdf
essentials of control.pdfessentials of control.pdf
essentials of control.pdf
 
Evaluation and control in strategic management
Evaluation and control in strategic managementEvaluation and control in strategic management
Evaluation and control in strategic management
 
Strategic evaluation and control.pptx
Strategic evaluation and control.pptxStrategic evaluation and control.pptx
Strategic evaluation and control.pptx
 
M5.pptx
M5.pptxM5.pptx
M5.pptx
 
Quality management
Quality managementQuality management
Quality management
 
7Keeping Things in CheckControls and the Control Process.docx
7Keeping Things in CheckControls and the Control Process.docx7Keeping Things in CheckControls and the Control Process.docx
7Keeping Things in CheckControls and the Control Process.docx
 
Controlling 17.9.22.pptx
Controlling 17.9.22.pptxControlling 17.9.22.pptx
Controlling 17.9.22.pptx
 
Management Control
 Management Control Management Control
Management Control
 
performance measures
performance measuresperformance measures
performance measures
 
ASC Benchmarking - R Bays
ASC Benchmarking - R BaysASC Benchmarking - R Bays
ASC Benchmarking - R Bays
 
Quality management strategies
Quality management strategiesQuality management strategies
Quality management strategies
 
Benchmarking.ppt
Benchmarking.pptBenchmarking.ppt
Benchmarking.ppt
 
Chapter7 performancemeasures-140312231919-phpapp01
Chapter7 performancemeasures-140312231919-phpapp01Chapter7 performancemeasures-140312231919-phpapp01
Chapter7 performancemeasures-140312231919-phpapp01
 

Recently uploaded

(8264348440) 🔝 Call Girls In Sriniwaspuri 🔝 Delhi NCR
(8264348440) 🔝 Call Girls In Sriniwaspuri 🔝 Delhi NCR(8264348440) 🔝 Call Girls In Sriniwaspuri 🔝 Delhi NCR
(8264348440) 🔝 Call Girls In Sriniwaspuri 🔝 Delhi NCRsoniya singh
 
办昆士兰大学UQ毕业证书/成绩单GPA修改 - 留学买假毕业证
办昆士兰大学UQ毕业证书/成绩单GPA修改 - 留学买假毕业证办昆士兰大学UQ毕业证书/成绩单GPA修改 - 留学买假毕业证
办昆士兰大学UQ毕业证书/成绩单GPA修改 - 留学买假毕业证0622mpom
 
VIP 7001035870 Find & Meet Hyderabad Call Girls Jubilee Hills high-profile Ca...
VIP 7001035870 Find & Meet Hyderabad Call Girls Jubilee Hills high-profile Ca...VIP 7001035870 Find & Meet Hyderabad Call Girls Jubilee Hills high-profile Ca...
VIP 7001035870 Find & Meet Hyderabad Call Girls Jubilee Hills high-profile Ca...aditipandeya
 
TDC Health Limited Nigeria Business Plan Opportunity Presentation 2024
TDC Health Limited Nigeria Business Plan Opportunity Presentation 2024TDC Health Limited Nigeria Business Plan Opportunity Presentation 2024
TDC Health Limited Nigeria Business Plan Opportunity Presentation 2024Fikrie Omar
 
(8264348440) 🔝 Call Girls In Green Park 🔝 Delhi NCR
(8264348440) 🔝 Call Girls In Green Park 🔝 Delhi NCR(8264348440) 🔝 Call Girls In Green Park 🔝 Delhi NCR
(8264348440) 🔝 Call Girls In Green Park 🔝 Delhi NCRsoniya singh
 
Viet Nam Inclusive Business Accreditation System
Viet Nam Inclusive Business Accreditation SystemViet Nam Inclusive Business Accreditation System
Viet Nam Inclusive Business Accreditation SystemTri Dung, Tran
 
(8264348440) 🔝 Call Girls In Babarpur 🔝 Delhi NCR
(8264348440) 🔝 Call Girls In Babarpur 🔝 Delhi NCR(8264348440) 🔝 Call Girls In Babarpur 🔝 Delhi NCR
(8264348440) 🔝 Call Girls In Babarpur 🔝 Delhi NCRsoniya singh
 
VIP 7001035870 Find & Meet Hyderabad Call Girls Gachibowli high-profile Call ...
VIP 7001035870 Find & Meet Hyderabad Call Girls Gachibowli high-profile Call ...VIP 7001035870 Find & Meet Hyderabad Call Girls Gachibowli high-profile Call ...
VIP 7001035870 Find & Meet Hyderabad Call Girls Gachibowli high-profile Call ...aditipandeya
 
(8264348440) 🔝 Call Girls In Siri Fort 🔝 Delhi NCR
(8264348440) 🔝 Call Girls In Siri Fort 🔝 Delhi NCR(8264348440) 🔝 Call Girls In Siri Fort 🔝 Delhi NCR
(8264348440) 🔝 Call Girls In Siri Fort 🔝 Delhi NCRsoniya singh
 
High Profile Call Girls in Lucknow | Whatsapp No 🧑🏼‍❤️‍💋‍🧑🏽 8923113531 𓀇 VIP ...
High Profile Call Girls in Lucknow | Whatsapp No 🧑🏼‍❤️‍💋‍🧑🏽 8923113531 𓀇 VIP ...High Profile Call Girls in Lucknow | Whatsapp No 🧑🏼‍❤️‍💋‍🧑🏽 8923113531 𓀇 VIP ...
High Profile Call Girls in Lucknow | Whatsapp No 🧑🏼‍❤️‍💋‍🧑🏽 8923113531 𓀇 VIP ...gurkirankumar98700
 
Model Call Girl in Bawana Delhi reach out to us at 🔝8264348440🔝
Model Call Girl in Bawana Delhi reach out to us at 🔝8264348440🔝Model Call Girl in Bawana Delhi reach out to us at 🔝8264348440🔝
Model Call Girl in Bawana Delhi reach out to us at 🔝8264348440🔝soniya singh
 
Report about the AHIABGA-UnityNet UNDRIPDay / Earth-Day 2024 Gathering in Mar...
Report about the AHIABGA-UnityNet UNDRIPDay / Earth-Day 2024 Gathering in Mar...Report about the AHIABGA-UnityNet UNDRIPDay / Earth-Day 2024 Gathering in Mar...
Report about the AHIABGA-UnityNet UNDRIPDay / Earth-Day 2024 Gathering in Mar...LHelferty
 
(8264348440) 🔝 Call Girls In Safdarjung Enclave 🔝 Delhi NCR
(8264348440) 🔝 Call Girls In Safdarjung Enclave 🔝 Delhi NCR(8264348440) 🔝 Call Girls In Safdarjung Enclave 🔝 Delhi NCR
(8264348440) 🔝 Call Girls In Safdarjung Enclave 🔝 Delhi NCRsoniya singh
 
(8264348440) 🔝 Call Girls In Tikri Kalan 🔝 Delhi NCR
(8264348440) 🔝 Call Girls In Tikri Kalan 🔝 Delhi NCR(8264348440) 🔝 Call Girls In Tikri Kalan 🔝 Delhi NCR
(8264348440) 🔝 Call Girls In Tikri Kalan 🔝 Delhi NCRsoniya singh
 
(8264348440) 🔝 Call Girls In Khanpur 🔝 Delhi NCR
(8264348440) 🔝 Call Girls In Khanpur 🔝 Delhi NCR(8264348440) 🔝 Call Girls In Khanpur 🔝 Delhi NCR
(8264348440) 🔝 Call Girls In Khanpur 🔝 Delhi NCRsoniya singh
 

Recently uploaded (20)

Pakistani Jumeirah Call Girls # +971559085003 # Pakistani Call Girls In Jumei...
Pakistani Jumeirah Call Girls # +971559085003 # Pakistani Call Girls In Jumei...Pakistani Jumeirah Call Girls # +971559085003 # Pakistani Call Girls In Jumei...
Pakistani Jumeirah Call Girls # +971559085003 # Pakistani Call Girls In Jumei...
 
(8264348440) 🔝 Call Girls In Sriniwaspuri 🔝 Delhi NCR
(8264348440) 🔝 Call Girls In Sriniwaspuri 🔝 Delhi NCR(8264348440) 🔝 Call Girls In Sriniwaspuri 🔝 Delhi NCR
(8264348440) 🔝 Call Girls In Sriniwaspuri 🔝 Delhi NCR
 
办昆士兰大学UQ毕业证书/成绩单GPA修改 - 留学买假毕业证
办昆士兰大学UQ毕业证书/成绩单GPA修改 - 留学买假毕业证办昆士兰大学UQ毕业证书/成绩单GPA修改 - 留学买假毕业证
办昆士兰大学UQ毕业证书/成绩单GPA修改 - 留学买假毕业证
 
VIP 7001035870 Find & Meet Hyderabad Call Girls Jubilee Hills high-profile Ca...
VIP 7001035870 Find & Meet Hyderabad Call Girls Jubilee Hills high-profile Ca...VIP 7001035870 Find & Meet Hyderabad Call Girls Jubilee Hills high-profile Ca...
VIP 7001035870 Find & Meet Hyderabad Call Girls Jubilee Hills high-profile Ca...
 
Cheap Rate ➥8448380779 ▻Call Girls In Sector 54 Gurgaon
Cheap Rate ➥8448380779 ▻Call Girls In Sector 54 GurgaonCheap Rate ➥8448380779 ▻Call Girls In Sector 54 Gurgaon
Cheap Rate ➥8448380779 ▻Call Girls In Sector 54 Gurgaon
 
TDC Health Limited Nigeria Business Plan Opportunity Presentation 2024
TDC Health Limited Nigeria Business Plan Opportunity Presentation 2024TDC Health Limited Nigeria Business Plan Opportunity Presentation 2024
TDC Health Limited Nigeria Business Plan Opportunity Presentation 2024
 
(8264348440) 🔝 Call Girls In Green Park 🔝 Delhi NCR
(8264348440) 🔝 Call Girls In Green Park 🔝 Delhi NCR(8264348440) 🔝 Call Girls In Green Park 🔝 Delhi NCR
(8264348440) 🔝 Call Girls In Green Park 🔝 Delhi NCR
 
Viet Nam Inclusive Business Accreditation System
Viet Nam Inclusive Business Accreditation SystemViet Nam Inclusive Business Accreditation System
Viet Nam Inclusive Business Accreditation System
 
(8264348440) 🔝 Call Girls In Babarpur 🔝 Delhi NCR
(8264348440) 🔝 Call Girls In Babarpur 🔝 Delhi NCR(8264348440) 🔝 Call Girls In Babarpur 🔝 Delhi NCR
(8264348440) 🔝 Call Girls In Babarpur 🔝 Delhi NCR
 
VIP 7001035870 Find & Meet Hyderabad Call Girls Gachibowli high-profile Call ...
VIP 7001035870 Find & Meet Hyderabad Call Girls Gachibowli high-profile Call ...VIP 7001035870 Find & Meet Hyderabad Call Girls Gachibowli high-profile Call ...
VIP 7001035870 Find & Meet Hyderabad Call Girls Gachibowli high-profile Call ...
 
(8264348440) 🔝 Call Girls In Siri Fort 🔝 Delhi NCR
(8264348440) 🔝 Call Girls In Siri Fort 🔝 Delhi NCR(8264348440) 🔝 Call Girls In Siri Fort 🔝 Delhi NCR
(8264348440) 🔝 Call Girls In Siri Fort 🔝 Delhi NCR
 
High Profile Call Girls in Lucknow | Whatsapp No 🧑🏼‍❤️‍💋‍🧑🏽 8923113531 𓀇 VIP ...
High Profile Call Girls in Lucknow | Whatsapp No 🧑🏼‍❤️‍💋‍🧑🏽 8923113531 𓀇 VIP ...High Profile Call Girls in Lucknow | Whatsapp No 🧑🏼‍❤️‍💋‍🧑🏽 8923113531 𓀇 VIP ...
High Profile Call Girls in Lucknow | Whatsapp No 🧑🏼‍❤️‍💋‍🧑🏽 8923113531 𓀇 VIP ...
 
Cheap Rate ➥8448380779 ▻Call Girls In Sector 55 Gurgaon
Cheap Rate ➥8448380779 ▻Call Girls In Sector 55 GurgaonCheap Rate ➥8448380779 ▻Call Girls In Sector 55 Gurgaon
Cheap Rate ➥8448380779 ▻Call Girls In Sector 55 Gurgaon
 
🔝9953056974🔝!!-YOUNG BOOK model Call Girls In New friends colony Delhi Escort...
🔝9953056974🔝!!-YOUNG BOOK model Call Girls In New friends colony Delhi Escort...🔝9953056974🔝!!-YOUNG BOOK model Call Girls In New friends colony Delhi Escort...
🔝9953056974🔝!!-YOUNG BOOK model Call Girls In New friends colony Delhi Escort...
 
Model Call Girl in Bawana Delhi reach out to us at 🔝8264348440🔝
Model Call Girl in Bawana Delhi reach out to us at 🔝8264348440🔝Model Call Girl in Bawana Delhi reach out to us at 🔝8264348440🔝
Model Call Girl in Bawana Delhi reach out to us at 🔝8264348440🔝
 
Report about the AHIABGA-UnityNet UNDRIPDay / Earth-Day 2024 Gathering in Mar...
Report about the AHIABGA-UnityNet UNDRIPDay / Earth-Day 2024 Gathering in Mar...Report about the AHIABGA-UnityNet UNDRIPDay / Earth-Day 2024 Gathering in Mar...
Report about the AHIABGA-UnityNet UNDRIPDay / Earth-Day 2024 Gathering in Mar...
 
Hot Sexy call girls in Rajouri Garden🔝 9953056974 🔝 Delhi escort Service
Hot Sexy call girls in  Rajouri Garden🔝 9953056974 🔝 Delhi escort ServiceHot Sexy call girls in  Rajouri Garden🔝 9953056974 🔝 Delhi escort Service
Hot Sexy call girls in Rajouri Garden🔝 9953056974 🔝 Delhi escort Service
 
(8264348440) 🔝 Call Girls In Safdarjung Enclave 🔝 Delhi NCR
(8264348440) 🔝 Call Girls In Safdarjung Enclave 🔝 Delhi NCR(8264348440) 🔝 Call Girls In Safdarjung Enclave 🔝 Delhi NCR
(8264348440) 🔝 Call Girls In Safdarjung Enclave 🔝 Delhi NCR
 
(8264348440) 🔝 Call Girls In Tikri Kalan 🔝 Delhi NCR
(8264348440) 🔝 Call Girls In Tikri Kalan 🔝 Delhi NCR(8264348440) 🔝 Call Girls In Tikri Kalan 🔝 Delhi NCR
(8264348440) 🔝 Call Girls In Tikri Kalan 🔝 Delhi NCR
 
(8264348440) 🔝 Call Girls In Khanpur 🔝 Delhi NCR
(8264348440) 🔝 Call Girls In Khanpur 🔝 Delhi NCR(8264348440) 🔝 Call Girls In Khanpur 🔝 Delhi NCR
(8264348440) 🔝 Call Girls In Khanpur 🔝 Delhi NCR
 

Strategic Management

  • 2. STRATEGIC CONTOL Strategic controls are intended to steer the company towards its long-term strategic direction. After a strategy is selected, it is implemented over time so as to guide a firm within a rapidly changing environment. Strategies are forward-looking, and based on management assumptions about numerous events that have not yet occurred. The purpose of strategic control is to identify whether the organization should continue with its present strategy or modify it is the light of changed circumstances.
  • 3. TYPES STRATEGIC CONTOL 1. Premise Control 2. Implementation Control 3. Strategic Surveillance 4. Special Alert Control
  • 4. CONTROL PROCESS • The control process of management ensures that every activity of a business is furthering its goals. This process basically helps managers in evaluating their organization’s performance. By using it effectively, they can decide whether to change their plans or continue with them as they are.
  • 5. CONTROL PROCESS STEPS Establishment of Standards Measurement of Performance Compare Performance Taking Corrective Action
  • 6. CONTROL PROCESS Establishment of Standards • Standards are, by definition, simply the criteria of performance. • In an industrial enterprise, standards could include sales and production targets, work attendance goals, safety records, etc. • In service industries, on the other hand, standards might include several time customers have to wait in the queue at a bank or the number of new clients attracted by a revamped advertising campaign.
  • 7. CONTROL PROCESS Measurement of Performance • The measurement of performance against standards should be done on a forward-looking basis so that deviations may be detected in advance of their occurrence and avoided by appropriate actions. • If standards are appropriately drawn and if means are available for determining exactly what subordinates are doing, appraisal of actual or expected performance is fairly easy.
  • 8. CONTROL PROCESS Compare Performance • It involves comparing the measured results with the standards already set. • If performance matches the standard, managers may assume that “everything is under control”. In such a case the managers do not have to intervene in the organization’s operations.
  • 9. CONTROL PROCESS Taking Corrective Actions • This step becomes essential if performance falls short of standards and the analysis indicates that corrective action is required. The corrective action could involve a change in one or more activities of the organization’s operations. • Control can also reveal inappropriate standards and in that case, the corrective action could involve a change in the original standards rather than a change in performance.
  • 11. TECHNIQUES OF STRATEGIC EVALUATION AND CONTOL GAP Analysis • A gap analysis process allows organizations to determine how to best achieve their business goals. It compares the current state with an ideal state or goals, which highlights shortcomings and opportunities for improvement. Steps: 1. Analyze your Current State 2. Identify the Ideal Future State 3. Find the Gap and Evaluate Solution 4. Create and Implement a plan to bridge the Gap
  • 12. TECHNIQUES OF STRATEGIC EVALUATION AND CONTOL SWOT Analysis • A SWOT analysis is a compilation of your company's strengths, weaknesses, opportunities and threats. • The primary objective of a SWOT analysis is to help organizations develop a full awareness of all the factors involved in making a business decision. • Use your SWOT analysis to discover recommendations and strategies, with a focus on leveraging strengths and opportunities to overcome weaknesses and threats.
  • 13. TECHNIQUES OF STRATEGIC EVALUATION AND CONTOL PEST/PESTLE/PESTEL Analysis • The analysis involves reviewing factors which will have an impact on the organization's business and the level of success it will be able to achieve and may be carried out as part of an ongoing process of environmental scanning, to inform overall strategy development or to support the development of a new product or service.
  • 14. ACTION CHECKLIST for PEST Analysis 1. Identify the most important issues. 2. Decide how the information is to be collected and by whom. 3. Identify sources of information. 4. Gather the information. 5. Analyze the findings 6. Identify strategic options. 7. Write a report 8. Disseminate your findings 9. Decide which trends should be monitored on an ongoing basis.
  • 15. TECHNIQUES OF STRATEGIC EVALUATION AND CONTOL Benchmarking • In business, benchmarking is a process used to measure the quality and performance of your company’s products, services, and processes. These measurements don’t have much value on their own—that data needs to be compared against some sort of standard. Types of Benchmarking 1. Internal Benchmarking 2. Competitive Benchmarking 3. Strategic Benchmarking
  • 16. Steps of the Benchmarking Process 1. Select a subject to benchmark 2. Decide which organizations or companies you want to benchmark 3. Document your current processes 4. Collect and analyze data 5. Measure your performance against the data you’ve collected 6. Create a plan 7. Implement the changes 8. Repeat the process
  • 17. CREDITS • https://www.toppr.com/guides/business-management-and- entrepreneurship/controlling-cs/control-process/ • https://www.lucidchart.com/blog/what-is-gap-analysis • https://www.businessnewsdaily.com/4245-swot-analysis.html • https://www.managers.org.uk/wp- content/uploads/2020/03/Carrying-out-a-PEST-analysis.pdf • https://www.lucidchart.com/blog/8-steps-of-the- benchmarking-process • https://www.yourarticlelibrary.com/strategic- management/strategic-control/99745