Strategic ______ involves monitoring the execution of strategy and taking corrective action when necessary.

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27-07-2022
Business

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Strategic ______ involves monitoring the execution of strategy and taking corrective action when necessary.

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sharmaaashutosh169 sharmaaashutosh169 · Answer 1 · 2022-08-04T08:56:22+02:00

Answer is strategic control.

Strategic control is a means of overseeing a strategic plan's execution. It is unique in the management process since it can handle the unknown and ambiguous while tracking the implementation of a plan and its subsequent consequences.

Strategic controls are meant to lead the firm in the direction of its long-term strategic goals. Following the selection of a strategy, it is applied throughout time to steer a corporation in a rapidly changing environment. Strategies are forward-looking and depend on management assumptions about several unanticipated outcomes.

Traditional control methods strive to compare actual results to a standard. When the job is completed, the manager reviews it and utilizes the results to guide future efforts.

Therefore, the answer is strategic control.

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