Explain the different types of strategic control according to purpose and according to approach
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Answer:
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Explanation:
Strategic Control – 4 Major Types: Premise, Implementation, Strategic Surveillance and Special Alert Control. Experts on strategic management process have identified certain types of strategic controls. According to them, there are four types of strategic controls.
Strategic controls are intended to steer the company towards its long-term strategic direction. After a strategy is selected, it is implemented over time so as to guide a firm within a rapidly changing environment. Strategies are forward-looking, and based on management assumptions about numerous events that have not yet occurred.
According to them, there are four types of strategic controls:-
- Type 1. Premise Control
- Type 2. Implementation Control
- Type 3. Strategic Surveillance
- Type 4. Special Alert Control
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