Who are the participants in strategic evaluation?
Answers
"The various participants in strategic evaluation and control and their respective roles are Shareholders, lenders and the public They have ownership claim on the assets of the enterprise and are therefore responsible to the strategic performance and evaluation. Board of Directors enacts the formal role of reviewing and screening executive decisions in the light of the environment and business organizational implications. Chief executives are ultimately responsible for all the administrative aspects of strategic evaluation and control. SBU or profit-centre heads may be involved in performance evaluation at their levels and may facilitate evaluation by corporate-level executives. Financial controllers, company secretaries, and external and internal auditors form the group of persons who are primarily responsible for operational control based on financial analysis, budgeting, and reporting. Audit and executive committees, set up by the Board or the chief executive, may be charged with the responsibility of continuous screening of performance. Corporate planning staff or department may also be involved in strategic evaluation.