Sunday, December 18, 2011

What are various types of strategic control?

Strategic management is an ongoing process that evaluates and controls the business and the industries in which the company is involved; esses its competitors and sets goals and strategies to meet all existing and potential competitors; and then reesses each strategy annually or quarterly [i.e. regularly] to determine how it has been implemented and whether it has succeeded or needs replacement by a new strategy to meet changed cirstances, new technology, new competitors, a new economic environment., or a new social, financial, or political environment.

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