Please enable JavaScript.
Coggle requires JavaScript to display documents.
EVALUATION & CONTROL - Coggle Diagram
EVALUATION & CONTROL
What are them? assessing the performance of a strategy and making necessary adjustments to ensure the achievement of strategic objectives.
process
- Establish Performance Standards: Define measurable goals aligned with the strategic plan.
- Measure Actual Performance: Collect data on key performance indicators (KPIs).
- Compare Performance with Standards: Identify gaps between planned and actual outcomes.
- Take Corrective Action: Adjust strategies, operations, or objectives based on performance gaps.
- determine what to measure
-
organizational control
Financial Control
- focus to concern of the financial performance of the organization.
- method: budgeting, ratio analysis
strategic control
- Concerned with ensuring that the organization's strategies are effectively implemented and that it is moving in the right direction to achieve its long-term goals
eg: SWOT
-
type
output control
- focuses on the results or outcomes of an organization's activities.
- eg: financial measure like profit, revenue
behavior control
- focuses on how employees behave and make decisions.
- eg: implement strict dress code, SOP
input
- focuses on the resources and inputs used to achieve organizational goals.
- eg: strict QC process