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J.K.Oke: Strategy, Strategic Planning, Strategic Management & Management / Operational Control
J.K.Oke: Strategy, Strategic Planning, Strategic Management & Management / Operational Control
J.K.Oke: Strategy, Strategic Planning, Strategic Management & Management / Operational Control
1. ENVIRONMENTAL SCANNING
2. STRATEGY FORMULATION
3. STRATEGY IMPLEMENTATION
4. EVALUATION AND CONTROL
AS DISCUSSED EARLIER, THE LAST
PHASE OF THE STRATEGIC
MANAGEMENT MODEL IS “EVALUATION
AND CONTROL”, WHERE THE OUTCOME
IS EXPECTED TO BE “RESULTS” OR
“PERFORMANCE”.
HOWEVER, ‘RESULTS’ OR
‘PERFORMANCE’ DOES NOT HAPPEN
JUST LIKE THAT.
MANAGERS OPERATING AT VARIOUS
LEVELS IN AN ORGANISATION HAVE TO
GET THE THINGS DONE THE WAY THEY
WANT IT DONE, TO ENSURE ‘RESULTS’
AND ‘PERFORMANCE’.
THE MANAGERS HAVE TO
CONTINUOUSLY MONITOR, GET
FEEDBACK, REVIEW AND TAKE
APPROPRIATE CORRECTIVE ACTIONS TO
ENSURE EFFECTIVE CONTROL.
PLANNING & CONTROL
RELATIONSHIPS
ILLUSTRATIVE DECISIONS IN
PLANNING/CONTROL FUNCTIONS
STRATEGY MANAGEMENT TASK CONTROL
FORMULATION CONTROL
ACQUIRE AN INTRODUCE NEW CO-ORDINATE
UNRELATED PRODUCT OR ORDER ENTRY
BUSINESS BRAND WITHIN
PRODUCT LINE
ENTER A NEW EXPAND PLANT / SCHEDULE
BUSINESS CAPACITY PRODUCTION
ADD DIRECT MAIL DETERMINE BOOK MEDIA
SELLING ADVERTISEMENT SPACE/SLOT
BUDGET
ILLUSTRATIVE DECISIONS IN
PLANNING/CONTROL FUNCTIONS
STRATEGY MANAGEMENT TASK CONTROL
FORMULATION CONTROL
CHANGE ISSUE NEW DEBT MANAGE CASH
DEBT/EQUITY FLOWS
RATIO
DEVISE DECIDE IDENTIFY / LIST
COMPETITIVE INVENTORY VENDORS &
INVENTORY LEVELS REORDER AN ITEM
POLICY
HENCE…
THERE IS NEED FOR CONTROL,
MANAGEMENT CONTROL IN
PARTICULAR,
IN VIEW OF:
EXECUTE OR BE EXECUTED
DELIVER OR BE DELIVERED
PERFORM OR PERISH
WHY CONTROL?
THE DYNAMIC, VOLATILE AND
TURBULENT BUSINESS ENVIRONMENT.
NEED TO COPE WITH RISK AND
UNCERTAINTY OF THE DYNAMIC
BUSINESS ENVIRONMENT (VUCA :
VOLATILE, UNCERTAIN, COMPLEX &
AMBIGUOUS).
IDENTIFYING, GRABBING AND
EXPLOITING OPPORTUNITIES.
WHY CONTROL?
GROWING COMPLEXITY AND NEED
TO HANDLE COMPLEX SITUATIONS.
EMERGENCE OF ‘CLICK’, ‘VIRTUAL’
AND THEREFORE FLAT/DE-LAYERED
ORGANISATION.
CONTROLLING COSTS AND
BECOMING COST AND PRICE
COMPETITIVE.
WHY CONTROL?
PREVENT, DETECT & REMOVE
IRREGULARITIES.
HIGH RESULT/PERFORMANCE
ORIENTATION AND PERFORMANCE
BEING A SURVIVAL CONDITION.
WHAT IS CONTROL?
CONTROL PERVADES & PERMEATES
THE WHOLE SYSYEM CONCEPT
IN FACT,
SYSTEMS ARE PUT IN TOGETHER,
DIRECTLY OR INDIRECTLY,
TO ENSURE CONTROL
WHAT IS CONTROL?
IS IT ONLY TO FIND FAULT?
CONTD....
MANAGEMENT/TACTICAL
CONTROL : DEFINITIONS
CONTD....
AND PRESUMABLY IN ORDER TO
TAKE ANY REMEDIAL ACTION
REQUIRED TO SEE THAT HUMAN &
OTHER CORPORATE RESOURCES ARE
BEING USED IN THE MOST
EFFECTIVE AND EFFICIENT WAY
POSSIBLE IN ACHIEVING CORPORATE
GOALS/ OBJECTIVES”.
MANAGEMENT/TACTICAL
CONTROL : DEFINITIONS