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Strategic control is the process of monitoring and adjusting strategy in response to real world conditions. This involves measurement, analysis, strategic and tactic planning on an ongoing basis.Strategy MonitoringThe process of monitoring strategic planning, strategy implementation and real world results. This involves data collection, analysis and oversight of strategy.
Market ResearchCollection and analysis of market information including elements such as competitors, customer behavior, brand perceptions and prices. Market research can also consider technological, industry and regulatory change.Strategic PlanningThe process of formulating strategies and evaluating them, often by developing business plans or business cases to prioritize which strategies will move forward.
Tactical PlanningThe process of daily optimization to take advantage of current market opportunities and conditions.SummaryStrategic control is the process of adapting strategy to real world conditions on an ongoing basis. This involves strategy monitoring, market research, strategic planning and tactical planning processes.
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