Question

Briefly explain. Both informational and behavioural control are essential for successful strategy implementation - 450 - 500 words

Answer 1

Strategy implementation is putting out the plans and strategies to achieve the company's goals and aims. The strategic plan defines the steps to achieve the end goal of the organization. It also includes the feedback, and the company ensures that the company performs by focusing on the feedback and suggestions. It is also a process to implement the plans to achieve its goals and mission. The first step in the strategic implementation process is to build an organization that can adapt the new and innovative methods to achieve the goals. The second step is to supply the resources in order to achieve the strategic implementation of the operation. The next step is to develop the policies that encourage the strategy. The supporting policies are also crucial so that the employees can work accordingly. The next step is to ensure continuous improvements, as the company has to ensure that it continuously improves according to the suggestions. The last step is to set up rewards and use the strategic leadership. The company's managers and authorities implement the effective leadership process to achieve the planned mission and goals. Strategic control is the process to monitor and correct the organization's strategy and performance.

In the traditional control system, the companies implement the strategies and measure the actual outcome with the planned or predetermined goals. The strategy or method was appropriate when the business environment was stable and straightforward. It was also simple to measure the performance. The contemporary approach includes the informational approach as well as the Behavioral approach. The informational approach is the method that involves gathering information from different internal and external sources to get a view of the business environment. It also helps the enterprise to achieve the strategic goals.

On the other hand, the Behavioral approach is a method by which the firm influences the other stakeholders like culture, environment, and rewards. The two contemporary methods help the company achieve its strategic goals and implement the company's strategies. It focuses on the continually changing information in the environment. The control systems help the company assess the information and behavior of the stakeholders in the environment. The control systems also help the company to achieve the goals and objectives. It is a primary method in the organizational processes, which also control the negative impact of the strategies of the firm. Hence, it is imperative to control the information and influence of the business enterprise.