StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...
Free

Controlling Strategic Plans - Research Paper Example

Cite this document
Summary
This research paper discusses why it is necessary to monitor and control strategic plans, who should be responsible for monitoring and controlling strategic plans and why, and also what are the pitfalls of failing to monitor and control strategic plans…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER94.2% of users find it useful
Controlling Strategic Plans
Read Text Preview

Extract of sample "Controlling Strategic Plans"

Controlling Strategic Plans   Why is it necessary to monitor and control strategic plans? Who should be responsible for monitoring and controlling strategic plans? Why? What are the pitfalls of failing to monitor and control strategic plans? Answer While developing a strategic plan is important for an organization, it is equally necessary to implement them effectively. Monitoring and controlling activities are essential parts of an implementation program of the strategic plan.

Monitoring the plan periodically means ensuring that the plan is progressing ahead in the right direction to fulfill the goals that the organization has earmarked. When the organization deviates from the set goal, monitoring and controlling activities help it bring back ‘on track’. Moreover, any lacunae in the planning process can be identified only when proper monitoring process is in place. Needless to say that the controlling activities or corrective actions are possible only through proper monitoring of the implementation of the strategic plan and the results that it achieves.

Monitoring and controlling exercise should be done by the top person of the organization such as Managing Director or Chief Executive Officer who is responsible for implementing the strategic plan because then it becomes possible for him or her to identify the shortfalls in the strategic plan and take remedial measures. Failing to monitor and control strategic plans will result into non-achievement of the strategic objectives. Deviations in outcomes are bound to come but that is the monitoring and controlling activities that help update the strategic plan time to time ensuring that the organization is always on track to achieve what it has set out in its strategic plan.

Reference Wit, B. D. & Meyer. R. (2010). Strategy Synthesis. 3rd ed. South-Western Cengage Learning.

Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Controlling Strategic Plans Research Paper Example | Topics and Well Written Essays - 250 words”, n.d.)
Controlling Strategic Plans Research Paper Example | Topics and Well Written Essays - 250 words. Retrieved from https://studentshare.org/business/1615813-controlling-strategic-plans
(Controlling Strategic Plans Research Paper Example | Topics and Well Written Essays - 250 Words)
Controlling Strategic Plans Research Paper Example | Topics and Well Written Essays - 250 Words. https://studentshare.org/business/1615813-controlling-strategic-plans.
“Controlling Strategic Plans Research Paper Example | Topics and Well Written Essays - 250 Words”, n.d. https://studentshare.org/business/1615813-controlling-strategic-plans.
  • Cited: 0 times

CHECK THESE SAMPLES OF Controlling Strategic Plans

Planning and Controlling Capital Expenditures

The environment of capital expenditure proposals are widely grouped into: Expansion, Replacement, Diversification and strategic proposals.... Many public traded companies always list their capital expenditure annually in annual reports, with the aim that stockholders can see how the company is spending its money in planning long term decisions....
13 Pages (3250 words) Essay

Reflective Paper

Planning involves establishing the goals and objectives that are to be achieved, developing the rules and procedure and determining plans and forecasting techniques.... Organizing- After formulation of the plans, the organization of men and materials are done for accomplishment of the plans.... strategic Function The Managerial function of HRM involves planning, organizing, staffing, directing, and controlling....
8 Pages (2000 words) Assignment

Target Corp - Strategic Management - 5 forces - value chain

Strategic management, a management tool used by the managers, defines the goal, the vision and the mission of the organization while drawing its long-term plans.... In an effort to achieve its organizational goals and objectives, an organization develops policies and plans, then allocate necessary resources to achieve these goals.... hellip; Through strategic management, an organization hopes to implement its policies and plans, projects and programs in order to achieve its desired goals....
8 Pages (2000 words) Essay

The Organizational Structure of the Business

controlling aspect of budget means to keep in check the controllable costs with budgeted costs.... The responsibility for cost control is assigned to the manager of the cost department who is responsible for controlling the cost under his control.... For controlling the cost accountant must use standard values.... This involves creating inventory values for costing and controlling physical quantities and choosing such alternatives, which might increase revenue and decrease costs....
7 Pages (1750 words) Research Paper

Performance Measurement of the Coors

The paper "Performance Measurement of the Coors" highlights that the company's objective for implementing the balanced scorecard system is to align its supply chain management activities with its overall strategic vision and direction.... The Coors intends to obtain better operational efficiency....
5 Pages (1250 words) Case Study

Manufacturing Strategy Of The Coca-Cola Company

The paper "Manufacturing Strategy Of The Coca-Cola Company" analyzes the accounting policies of Coca-Cola Company, how the results of policies are reported in the annual report and how the application of these policies affect the strategic planning and decision-making.... hellip; The company considers various factors such as “ownership interest, representation on the board of directors, participation in policy-making decisions and material intercompany transactions”....
8 Pages (2000 words) Research Paper

Mitigation Strategies and Solutions of Global Warming

hellip; Greenhouse gases and deforestation enhance the rate of global warming and hence efforts must be made to develop an integrated plan for sustainability which aims at controlling global warming on a large scale.... It must focus on controlling the emission of greenhouse gases, the development of alternative fuels like biofuels and stronger research efforts and government support in the national and international arena....
10 Pages (2500 words) Coursework

Extension Plan Addressing Weed Problem in East Queensland

The paper "Extension Plan Addressing Weed Problem in East Queensland" is a good example of a literature review on agriculture.... nbsp;Lantana Camara commonly referred to as Lantana is considered to be the weed of national importance in Australia.... It originates from tropical and subtropical America and is a major weed pest in over 60 countries....
14 Pages (3500 words) Literature review
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us