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Q: Is it true that the strategic monitoring system aids with the identification of implementation problems that need to be corrected?
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What is a firm's strategic policy?

A firm's strategic policy also known as Strategic management process is the one which is set by the firms to achieve long-term objectives. It contains "Core strategy formulation, implementation and evaluation".


Stages of the strategic management process?

There are five basic stages of the strategic management process. They are foal setting, analysis, strategy formation, strategy implementation, and evaluation or control.


What is the definition of strategic control What is the definition of strategic implementation?

Strategic control can be defined as process of monitoring as to whether to various strategies adopted by the organization are helping its internal environment to be matched with the external environment. Strategic control processes allow managers to evaluate a company's program from a critical long-term perspective. This involves a detailed and objective analysis of a company's organization and its ability to maximize its strengths and market opportunities. There are four types of strategic control as follows: # Premise control: is designed to check systematically and continuous whether or not the premises set during the planning and implementation process are still valid # Implementation control: is designed to assess whether the overall strategy result associated with incremental steps and actions that implement overall strategy. # Strategic surveillance: It is designed to monitor a broad range of events inside and outside the company to threaten the course of firm's strategy. # Special alert control: is the need to thoroughly and often rapidly reconsider the firm's basic strategy based on a sudden unexpected event.


Difference between strategic plan and an organizational plan?

A strategic plan is basically designed for the implementation of strategic activities and managing the strategic direction in an existing organization. While an organization plan or business plan is designed to start a business, collect funds or direct operations.