Instituting sufficient performance tracking and control

Question

Illustrates the instituting sufficient performance tracking and information systems to the managerial task of executing strategy?

Answer 1

Instituting sufficient performance tracking, information systems and controls to the managerial task of executing strategy are describes as follows:

1. Correct and timely information regarding every day operations is necessary if managers are to measure how well the strategy execution procedure is proceeding. Information systems require covering five broad regions:
Customer data, Operations data, Employee data and Supplier/partner/collaborative ally data as well as financial performance data.

2. Real time information systems allow organization mangers to stay on top of execution initiatives and every day operations and to interfere if things look to be migrants off course.

3. Statistical information gives managers a feel for the numbers, meetings and briefings give a feel for the newest developments and emerging matters, and personal contacts add a feel for the people dimension. All are fine barometers.

KEY CONCEPT:

Good information systems and operating data are essential to the managerial task of executing strategy.