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Strategic evaluation and control is defined as the process of evaluating strategic plans and monitoring organizational performance so that.
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Evaluation analyzes and interprets the information and data collected from monitoring A key requirement of a monitoring strategy is that the public be given timely.
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Thus strategic evaluation and control could be defined as the process of determining the effectiveness of a given strategy in achieving organizational objectives and taking corrective action wherever required.
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Evaluation and control are concerned with tracking performance and when necessary altering plans to keep performance on track Evaluation also includes looking for new opportunities and potential threats in the future It is the connecting link in the strategic marketing.
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Three fundamental strategy-evaluation activities are 1 reviewing external and internal factors that are the bases for current strategies 2 measuring performance and 3 taking corrective actions.
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