Categorieën: Alle - evaluation - performance - balance - contingency

door atiqah abdullah 9 jaren geleden

190

chapter 9

Organizations often employ a structured approach to assess and refine their strategies, ensuring alignment with their goals and adapting to new challenges. This involves a thorough review of both internal and external factors through tools like the EFE and IFE matrices, which help identify opportunities, threats, strengths, and weaknesses.

chapter 9

Strategy-Evaluation Framework

Taking Corrective Action

Subtopic

Measuring Organizational Performance

Compare firm's performance to industry average
Compare firm's performance to competitors
Compare firm's performance over different time period

Reviewing Bases of Strategy

Revise IFE Matrix
Strengths and Weaknesses
Revised EFE Matrix
Opportunity and Threat

twenty- first century challenges.

formulate criteria of evaluation

Chapter 9 : Strategy review, evaluation and control

Contingency Plan

Effectiveness
Actions

Balance Scorecard

Appoach to strategy evaluation aims
To balance internal with external concerns
To balance financial with non-financial concerns
To balance long term with short term concerns
Process that allow firm to evaluate strategies :
Learning and growth
Financial performance
Customer knowledge
Internal business process

role of auditing

Main topic

process of evaluation strategies

stimulating generating alternative
initiate managerial questioning

Nature of strategy evaluation