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Transcript

Thank you for listening ^_^

Xie xie ni! ^___^

Reporters:

-Agad

-Dalaygon

-Galos

-Poligrates

-Remoto

Chapter 8

Efficiency and

Productivity Performance

- these are the emphasis of every

organization that aims to achieve success. Measures of success are quantitative.

Strategic Control Mechanism

  • Liquidity measures are financial indicators that measure the extent to which an organization has cash to meet immediate and short-term obligations, or the ability of its current assets to meet current liabilities.

People Performance

- gauging and analyzing differentiated

people performance are expressed through indices.

Financial Performance

._.

  • Gearing measures are the determinants of financial leverage.

- For almost all organizations intent on making profit, or at least, continue to exist, financial performance is most important.

  • Profitability measures are financial indicators that show the organization or the company’s ability to generate earnings as compared to its expenses and other relevant costs incurred during a specific period.

Market Performance

- through this, feedback can be adequately actualized.

Strategic Control

Types of Strategic Control According to Approach

It is sequential, in that the

formulation of strategy/strategies is

followed progressively by the

implementation of these

designed strategies.

Sequential Strategic Control

- The process of monitoring the various strategies of the organization and determining whether there is a parallelism between the organizational milieu and that of the environment.

Described as interactive,

this approach shows the

communicating and

collaborative nature of

the process of strategy

formulation, strategy

implementation, and

strategy control.

Interactive Strategic

Is a combination of

the sequential

and interactive

approaches.

Feedback Strategic Control

Types of Strategic Control According to Purpose

..

Presupposition Control

Strategic

Surveillance

Implementation

Control

Vigilance

Control

Designed to check systematically

and regularly whether the

arguments set during the

planning and implementation

process are still binding.

Monitoring system whereby

a broad range of occurrences

inside and outside the

organization threatens the

implementation of an

organization’s strategy.

Applied to evaluate whether

the intermediate strategies

are consistent with the

overall strategy.

Special type of strategic

control that is applied

when immediate

reconsideration of an

organization’s

strategy/strategies

is pursued.

Performance Metrics

Performance

- is the ratio of the results derived from the resources invested by an organization or by the formula.

Performance = Results/Resources

Strategic

Management

Revisited

Facets of Strategy

- Strategy can be implemented in different modes of assessing realities as in strategy thinking; in different degree of emphasis as in strategy goal; in different ways of designing and implementing as in strategy formulation and implementation; in different behaviors of perceiving and comprehending as in strategy attitude; and in different manners of reacting as in strategy response.

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