Monitoring and Control: Organizations continuously monitor the implementation of strategies to ensure that they are progressing as planned. This involves tracking key performance indicators (KPIs), milestones, and other metrics to assess progress and identify deviations from the planned course of action.
Performance Measurement: Organizations evaluate the effectiveness of strategies by comparing actual performance against strategic objectives and benchmarks. This allows them to assess whether strategies are producing the desired outcomes and make adjustments as necessary to improve performance.
Feedback and Learning: Strategy evaluation provides valuable feedback that organizations use to learn from experience and improve future decision-making. By capturing lessons learned and best practices, organizations enhance their strategic management capabilities over time.
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