PREPNOTES

   The famous management expert, Henry Mintzberg, proposed a five configurations approach to strategic management wherein any organization can be broken down into five core elements or parts. The interactions between these parts determine the strategy of the organization. The five parts according to Mintzberg are: The Operating Core  which consists of those doing the basic work and whose output can be directly linked to the goods and services that the organization makes and sells. According to Mintzberg, this part is common to all organizations since the core work must be done and hence, the operating element has to be put in place. The Strategic Apex , which is composed of senior management and the senior leadership, which provides the vision, mission, and sense of purpose to the organization. Indeed, it can be said that this part consists of those men and women who shape and control the destinies of the organization. The Middle Level Managers  who are the “sandwich...

      Importance of Strategic Evaluation Strategic evaluation helps the organisation to find the flaws in the current implementation and to make suitable changes where necessary. Following points determine the importance of strategic evaluation : 1) Performance Measurement :  The strategic evaluation process provides the organisation a set of both qualitative and quantitative criteria against which the performance of both individuals as well as the organisation can be measured. The qualitative criteria contain soft factors like skills, competencies and flexibility whereas the quantitative criteria contain more hard factors like the return on equity, ROI, profitability, etc. 2) Helps in Analysis :  The basic premise of strategic evaluation is that the environment of the organisation is dynamic. Some amount of variability between the performance and the standard is natural and expected. Regular exercise of 'strategic evaluation helps the organisation to gauge the ...

   What is Strategic Evaluation ? Strategy Evaluation in Strategic Management : The last part of the strategic management process is concerned with the evaluation of the strategy for its effectiveness. At this stage, the organisation evaluates whether the implemented strategy has been successful in meeting the desired goals and objectives of the organisation or not. In other words, strategic evaluation can be defined as a process of measuring. if the implemented strategy has successfully met the objectives of the organisation and what kind of remedial actions need to be taken by the organisation to address any shortcomings. The role of strategists in an organisation is to design a strategy that will help the organisation to achieve its stated goals and objectives. There needs to be a mechanism of checking if the strategy is successful in meeting the objectives laid down by the organisation. This is done by strategic evaluation. Strategic evaluation thus plays a very critical r...