StrategyDriven

An organization’s evaluation and control program is a data gathering and action initiation mechanism.  This program monitors the external business environments, the internal performance of business units, processes, and individuals, and the output products and services of the organization.  Once collected, data is processed to present a picture of the company’s overall performance and to trigger actions in response to conditions representing opportunities or threats.

The evaluation and control program is comprised of several component processes that monitor performance on a continuous, periodic, and event driven basis; driving action when necessary.  Component processes include:

• organizational performance measurement system (continuous and periodic)
• external environmental monitoring program (continuous and periodic)
• condition reporting/corrective action program (event driven)
• self-assessments program (periodic and event driven)
• benchmarking (periodic)

Outputs from the various monitoring processes are often combined to create a richer understanding of organizational performance relative to both internal performance standards and external benchmarks.  Synthesized data drives actions on a day-to-day operational basis and serves as input to the strategic planning process.  When predefined thresholds are reached or exceeded, action is prompted to take advantage of opportunities or mitigate threats representing a risk to the business or its operations.

Evaluation and control program components play a key role in an organization’s learning and growth efforts.  They not only identify improvement opportunities, they also identify internal and external best practices that can be used to better existing processes.  This continuous growth mechanism is critical to an organization seeking to maintain and advance its position in the marketplace.

Posts in this category are dedicated to discussing the leading practices of companies successfully executing an evaluation and control program in support of strategic business planning and tactical business execution.

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StrategyDriven contributors are pleased to introduce the strategic planning whitepaper: Analysis. This whitepaper outlines and describes the major steps taken to assess the organization’s internal performance and external environment in support of long range activity planning.

Strategic analysis is a critical component of the strategic planning process. An integral part of a company’s evaluation and control program, it provides executives and managers with a comprehensive assessment of the organization’s capabilities and market factors; revealing growth opportunities and vulnerabilities. Armed with this information, managers can more effectively chose from among today’s strategic alternatives to create the greatest future reward potential.

StrategyDriven whitepapers are available to Registered Members and registration is FREE! If you have not already done so, please click here to register and join the conversation.

Popularity: 57% [?]

StrategyDriven contributors are pleased to announce the release of our sixth model: Information Development Model. This model illustrates the evolution of raw statistical data collected from business operations and the marketplace into highly refined information that provides executives and managers with the insights necessary to set strategic direction and establish day-to-day priorities.

The Information Development, Stakeholder Commitment Evaluation, Decision-Making Base, Business Process Relationships, Strategic Organizational Alignment, and Strategic Pyramid models are available to Registered Members and registration is FREE! If you have not already done so, please click here to register and join the conversation.

Popularity: 49% [?]

Evaluation control programs must be credible in order to add meaningful value to the organization. Credibility is built not only by the quality of the data collected but also by the method by which it is collected, how it is combined, and how it is interpreted to create useful information in support of decision-making.

Data synthesis or data combination should be performed in a manner that enhances the credibility of the conclusions drawn. This process is comprised of two important parts: data prioritization and data association.

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Popularity: 33% [?]