A-Z Popular Blog Strategy Search »
Business Strategy
 Advertisements
Related Guides

7 Examples of Strategy Monitoring

 , February 02, 2020
Strategy monitoring is the oversight of strategy implementation. This is done to detect and clear issues, adapt strategies that are failing and to identify tactical opportunities. The following are the basic types of strategy monitoring.

Action Plans

Weekly or bi-weekly meetings that review action plans that detail strategy implementation progress and issues. For example, a marketing team that monitors a project launch strategy with an action plan that identifies the individuals responsible for each objective of the strategy.

Performance Management

Performance management is the process of setting goals for teams and individuals and monitoring performance against these goals. This is a basic tool of strategy implementation and monitoring.

Program Governance

The top level process of directing and controlling program and project execution. For example, weekly project governance meetings where project managers present status reports.

Reporting

Communication of strategy implementation and benefits realization with reports, dashboards, analytics and status meetings.

Risk Monitoring

Risk monitoring is oversight of risk management efforts, monitoring of risk levels and the detection of risks that actually occur to become issues.

Change Management

Change management is the leadership of change including the sponsoring of projects, communication of strategy and clearing of issues. This requires total engagement with strategy implementation and the authority to sideline resistance to change by transferring responsibility to agents of change.

Management by Walking Around

Management by walking around is the principle that senior managers be fully engaged with low level operational realities as opposed to watching strategy implementation from a simplistic dashboard or high level action plan.
Overview: Strategy Monitoring
Type
Definition
Related Concepts

Strategic Planning

This is the complete list of articles we have written about strategic planning.
Base Case
Benchmarking
Budget Planning
Business Models
Business Planning
Capability Analysis
Change Drivers
Competition
Competitive Factors
Economic Moat
Estimates
External Factors
Forecasting
Goal Setting
Goals
Implementation
Market Analysis
Organizational Goals
Organizational Planning
Organizational Strategy
Overplanning
PESTEL Analysis
Prioritization
Process
Scenario Planning
Strategic Analysis
Strategic Direction
Strategic Drivers
Strategic Priorities
Strategic Vision
Strategy Development
Strategy Monitoring
Technology Factors
More ...
If you enjoyed this page, please consider bookmarking Simplicable.
 

Strategic Planning

A list of techniques for developing and implementing a strategy.

Strategic Planning Process

A guide to the strategic planning process.

Strategy Implementation

A guide to strategy implementation.

Business Weaknesses

A list of business weaknesses for strategic planning exercises such as swot analysis.

Strategic Management

The definition of strategic management with examples.

Turnaround Strategy

The definition of turnaround strategy with examples.

Retrenchment Strategy

The definition of retrenchment with examples.

Strategy Development

An overview of the strategic development process with examples.

External Environment

The definition of the external environment with business examples.

Business Planning

An overview of the different types of business planning.
The most popular articles on Simplicable in the past day.

New Articles

Recent posts or updates on Simplicable.
Site Map