Monitoring strategic plans...necessary for success
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Why is it necessary to monitor and control strategic plans?
Who should be responsible for monitoring and controlling strategic plans?
What are the pitfalls of failing to monitor and control strategic plans?
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Solution Summary
Monitoring the status of a strategic plan can be just as important as identifying strategic issues and goals. Many strategic plans end up collecting dust on a shelf because of lack of monitoring. Most strategic plans fail not because they were poorly developed, but lack of follow through after finishing the document. Regular monitoring and reporting is essential to the success of the plan.
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Why is it necessary to monitor and control strategic plans?
Monitoring the status of a strategic plan can be just as important as identifying strategic issues and goals. Many strategic plans end up collecting dust on a shelf because of lack of monitoring. "One advantage of monitoring and evaluation is to ensure that the organization is following the direction established during strategic planning" (McNamara, ...
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