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ST Evaluation & Types of Control - Lect 11
ST Evaluation & Types of Control - Lect 11
ST Evaluation & Types of Control - Lect 11
control
abhay
St evaluation.
Peter Drucker's well-known advice:
increase in profits
Where do we want to be ?
potential performance.
SWOT 1)Evaluates
company against peers
GAP
1)Internal evaluation to identify performance
deficiencies
Swot--Gap
SWOT
2) Done for long term planning
GAP
2)TO reach short term goals
Swot--gap
SWOT—
3)Comprehensive study evaluating many
GAP
Can be a simple process targeted towards
advantage of
selling hats.
Low capital requirements– Low overheads &
hats to replicate.
Swot--
Weakness-
Founder has virtually no assistance.
sellers
1)Political
factors might include aspects such as impending
legislation regarding wages and benefits, financial regulations, or
even the risk of a military invasion in another country.
Strategic control processes allow managers to
evaluate a company's program from a critical
long-term perspective.
Sc--
The process of strategic control is to review
and evaluate the performance of the company
against the established norms.
Rewards for meeting or exceeding the set
operating data