STRATEGIC PLANNING

Role of Monitoring, Evaluating and Adjusting in Strategic Planning

Role of Monitoring, Evaluating and Adjusting in Strategic Planning

Introduction

Successful implementation of the Strategic Planning process of a company depends largely upon the measures that its management takes to monitor and evaluate its progress effectively and to make adjustments in case of any digressions and deviations.

Importance of Monitoring, Evaluating and Adjusting for Strategic Planning

Monitoring involves a continuous follow-up of the progress of the strategic plan adopted through supervision of both employees and the operations. Evaluation refers to the process of measuring the actual results and comparing them with the standards identified ...