Question: What Are The Different Methods And Tools Used For Strategic Planning And Evaluation?

What are six planning tools?

In chapter 1 Managers and the Management Process of our eBook Exploring Management (Custom) (4thEdition)I remember reading about the must have six managerial skills later in Plans and Planning Techniques Chapter 5 I read that the six planning tools and techniques are forecasting, contingency planning, scenarios, ….

What are the tools of strategic planning?

Balanced Scorecard. The Balanced Scorecard is a strategy management framework created by Drs. … Strategy Map. A strategy map is a visual tool designed to clearly communicate a strategic plan and achieve high-level business goals. … SWOT Analysis. … PEST Model. … Gap Planning. … Blue Ocean Strategy. … Porter’s Five Forces. … VRIO Framework.More items…

What are the tools and techniques of strategic control and evaluation?

Strategic evaluation and control can be defined as the process of determining the effectiveness of a given strategy in achieving the organizational objectives and taking corrective action wherever required.

What are the strategic planning techniques?

The following are techniques that are commonly used to plan a strategy.Benchmarking. Benchmarking is the comparison of your metrics with a competitor or industry average. … Budget Planning. … Business Analysis. … Business Case. … Business Models. … Business Plans. … Capability Analysis. … Competitive Intelligence.More items…•

What are the tools for implementing strategy?

Strategic implementation is often associated with performance management. Tools such as balanced scorecard and its derivatives such as the performance measurement, or the ACME (Articulate, Communicate, Monitor and Engage) framework. can be practical and useful to successfully implement a strategy.

What is planning tools and techniques?

Seven Management and Planning Tools are a set of tools and techniques used to help effectively plan and manage various types of business operations. These tools are intended to guide you in the planning, analysis, and decision making processes.

What are the controlling techniques?

Techniques of Controlling in Management | Functions | ManagementPersonal Observation: The simplest way to control organisational activities is that managers take round at the work place and observe the progress of the work. … Budgeting: … Break-Even Analysis: … Financial Statements: … Statistical Data and Reports:

What are the 5 steps in strategic planning?

The 5 Steps of the Strategic Planning ProcessDetermine your strategic position.Prioritize your objectives.Develop a strategic plan.Execute and manage your plan.Review and revise the plan.

What are the six planning tools and techniques?

Terms in this set (7)forecasting. using statistical tools and intuition based on experience to predict a future state.contingency planning. … scenario planning. … benchmarking. … participatory planning. … goal setting. … five qualities of a good goal.

What are the major planning tools and techniques?

Some of the tools and techniques that can be used in programme and project management are outlined below.SWOT – strengths, weaknesses, opportunities, threats. SWOT analysis diagram. … Stakeholder matrix. Stakeholder matrix. … Cause and effect diagram. … Risk map. … Summary risk profile. … Decision tree. … Radar chart.

What are the four types of strategic control?

Strategic Control – 4 Major Types: Premise, Implementation, Strategic Surveillance and Special Alert Control.

What are control tools?

The controlling function includes activities undertaken by managers to ensure that actual results conform to planned results. Control tools and techniques help managers pinpoint the organizational strengths and weaknesses on which useful control strategy must focus.