strategic controls
Strategic controls are mechanisms used by organizations to monitor and evaluate their strategies and performance. They help ensure that a company's goals align with its actions and that resources are being used effectively. By assessing both internal and external factors, strategic controls enable businesses to adapt to changes in the market and stay competitive.
These controls often involve setting specific performance metrics and regularly reviewing progress. Tools such as balanced scorecards and key performance indicators (KPIs) are commonly used to track success. By implementing strategic controls, organizations can make informed decisions and adjust their strategies as needed to achieve long-term objectives.