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LSUS MBA 705 Final exam questions and answers
with complete solutions verified graded a++
Why is the strategic It is also necessary to evaluate its success—or
management process failure—and take steps to address any
not complete when a problems that may have arisen along the
strategy has been way.
executed?
Strategic control Consists of determining the extent to
which the organization's strategies are
successful in attaining its goals and
objectives.
The execution process is tracked, and adjustments to
What happens during the strategy are made as
the strategic control necessary. It is during the strategic control
process? process that gaps between the intended and
realized strategies (i.e., what was planned and
what really happened) are
identified and addressed.
Strategic managers seek to improve the
The notion of strategic efficiency and effectiveness of all factors
control has recently related to the strategy. In other words,
gained a "continuous control should not be seen as an action
improvement" necessary only when performance declines.
dimension...explain. Rather, managers should think critically when
considering strategic control and look for
opportunities to enhance performance even
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with things seem to be going well.
After the strategy accelerator is pressed, the
control function ensures that everything is
moving in the right direction.
When a simple steering adjustment is not sufficient to
Compare strategic modify the course of the
control to driving a car. vehicle, the driver can resort to other means,
such as applying the break or shifting gears. In
a similar manner, strategic managers can steer
the organization by
instituting minor modifications or resort to more
drastic changes, such as altering the strategic
direction altogether.
1) The need to know how well the firm is
performing. Without strategic control, there are
no clear benchmarks and ultimately no
Two key factors of reliable measurements of how the
strategic control company is doing.
2) Organizational and environmental uncertainty.
Because strategic managers are
not always able to accurately forecast the
future, strategic control serves as a means of
accounting for last-minute changes during
the implementation process.
it is top management's role to align the internal
The focus of strategic operations of the enterprise with its external
control is both internal environment. Relying on quantitative and
and external qualitative performance measures, strategic
because... control helps maintain proper alignment
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