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New strategic initiatives often take several years to execute fully and relatively few succeed. Unfortunately, classical control processes have contributed to this situation because they have been designed as feedback systems that detect problems and deviations from planned results only after they have already occurred, and because the standards to which measurements are compared are assumed to be correct or good.
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Recent conceptual contributors to the strategic control literature have argued for anticipatory feedforward controls, that recognize a rapidly changing and uncertain external environment. These new systems are designed to operate on a continuous basis, checking and critically evaluating assumptions, strategies, and results.
Four Perspectives of the Balanced Scorecard
This article adds to these conceptual developments by providing and explicit strategic control component to deal with low probability, high impact threatening events, namely, special alert control. In an effort to make all the latest strategic control components operationally useful, mechanisms, methods, and approaches to their efficient implementation are presented and then summarized in tabular form. An overall strategic control process diagram is provided to act as a guide for future strategic control systems. The result is a more comprehensive and workable system of strategic control.
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The balanced scorecard and strategic control: a hotel case study analysis - EconBiz
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Journal of Management Studies. John F.
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balanced scorecard case study hotel
He was the first to create some of the strategies on continuous and total involvement of all employees. We believe that naming the Institution after this great thinker in modern management would not only be a tribute to his farsighted revolutionary management spirit, but also enable students to understand and imbibe better manufacturing management capabilities.
The Institute established in the year has been mainly engaged in conducting workshops and teaching holistic management to students. Skip to content. The balanced scorecard and strategic control a hotel case study analysis Posted on Health promotion on obesity essay.