Role of Strategic Control Systems in Achieving Strategic Goals
Opoku-Ware Yeboah, Berlinda Diaba, Abdul Rauf Mohammed, Peter Agyekum Boateng
Abstract
Open-access reader
Opoku-Ware Yeboah, Berlinda Diaba, Abdul Rauf Mohammed, Peter Agyekum Boateng
Abstract
Open-access reader
This article seeks to investigate the role of strategic control systems in achieving strategic goals. The research is based on a comprehensive literature review of academic articles and research reports that have addressed the topic of strategic control system. The study identifies that strategic control systems are important tools for achieving strategic goals in organizations. The study points out that strategy is key to developing and implementing an effective control system. The use of strategic planning provides an understanding of the company’s environment, the company’s strategic objectives, the company’s critical success factors, and the development of a strategic action plan. The study confirms that performance measurement and feedback are critical components in monitoring the progress of the organization towards achieving its strategic goals. Based on the findings discussed, some major recommendations have been made. These include the need to incorporate into the control systems, key components such as premise control, implementation control, strategic surveillance, and special alert control. This paper also shares further light on some of the challenges that may be associated with establishing a strategic control system. It brings out some other issues for future research.
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This article seeks to investigate the role of strategic control systems in achieving strategic goals. The research is based on a comprehensive literature review of academic articles and research reports that have addressed the topic of strategic control system. The study identifies that strategic control systems are important tools for achieving strategic goals in organizations. The study points out that strategy is key to developing and implementing an effective control system. The use of strategic planning provides an understanding of the company’s environment, the company’s strategic objectives, the company’s critical success factors, and the development of a strategic action plan. The study confirms that performance measurement and feedback are critical components in monitoring the progress of the organization towards achieving its strategic goals. Based on the findings discussed, some major recommendations have been made. These include the need to incorporate into the control systems, key components such as premise control, implementation control, strategic surveillance, and special alert control. This paper also shares further light on some of the challenges that may be associated with establishing a strategic control system. It brings out some other issues for future research.
Key concepts: Strategic control, Strategic planning, Strategic financial management, Strategic thinking, Process management, Control (management), Strategic alignment, Premise