Exam 8: Evaluation and Control in Strategic Planning

Failure of a strategy is incumbent upon the poor performance of the mangers alone. Do you agree? Use Mintzberg's theory to justify your opinion.

Mintzberg argues that any strategy will change over time. Toffler claims that dynamic environment causes change. How then are employees and managers expected to cope with a strategy that is bound to changing over time and circumstances?

Strategic evaluation and control needs to be a continuous monitoring process throughout the __________ and ___________ stages of the SPP.

The strategic planning process stops only when an organization ceases to exist.

The reason for the deviation has different implications on the kinds of corrective action taken.

Why is it essential to weigh the quantitative and qualitative factors in strategy evaluation? What purpose does either of them serve to the organization?

_________ are often thought as statistical confidence intervals.

___________ track the uncertainties that keep senior managers awake at night.

Actual performance within the tolerance band does lead to taking corrective actions in any situation.

"Compare the performance to the standards. How well does the actual match the plan?" is the first step in the evaluation and control model.

Expanding globally is a popular corrective action used by retailing firms.

In the model of evaluation and control, assessment of cause and effect involves/leads to ____________.

According to Henry Mintzberg, intended strategies that get realized may be called emergent strategies.

Taking corrective actions always involves abandoning existing strategies and formulating new strategies.

In the "Beliefs Systems," the primary organizational block is ___________.

Taking corrective actions involve rooting innovative and changed behavior, and this might be resisted due to all the following reasons except ____________.