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    Monitor and control strategic plans

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    1.Why is it necessary to monitor and control strategic plans?
    What are the pitfalls of failing to monitor and control strategic plans?
    How do you monitor strategic plans in your organization?

    2. Who should be responsible for monitoring and controlling strategic plans? Why?
    Who is responsible in your organization?

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    Solution Preview

    The response addresses the queries posted in 821 words with references.

    //Before discussing about the following questions, we have to first of all understand the precise meaning of monitoring and controlling that clears the effectualness of the strategy. Now as per your directions, we will talk about the importance of monitoring and controlling, pitfalls and process of monitor strategic plans. If you want you can add more to the topics. I am just rendering an overview, which can enhance your learning skills. So, firstly we will write about the monitor and control strategic plans under the heading of Purpose of monitoring and controlling, for example: \

    Purpose of Monitoring and Controlling Strategic Plans

    The purpose of monitoring and controlling the strategic plans is to evaluate the effectiveness of strategy in achieving organizational objectives. Thus, monitoring and control can be defined as the process of determining the effectiveness of a given strategy in achieving the organizational objectives and taking corrective action wherever required (Kazmi, 2002).

    The process of strategic management makes it clear that a strategy is formulated on the basis of several assumptions. These relate to environmental and organizational factors, which are dynamic and eventful. There is a considerable time gap between the time when a strategy is formulated and the time when it is implemented. The process of ...

    Solution Summary

    The response addresses the queries posted in 599 Words, APA References.