Monitoring and assessing the strategy (operative and strategic) guarantees that the strategy implementation will not lose its energy and zeal over time. Otherwise there is a chance that operative, daily topics are given too much attention and that these then interfere with the strategy implementation. This topic affects every employee in the company, not only the department of controlling!
Selected, critical factors of success are:
- Constant communication of the strategic agenda and action plans,
- Active change management with the help of strict project management rules,
- Determining individual goals – in line with strategic priorities -,
- Regular monitoring of progress and constructive feedback about services rendered.
Monitoring and assessment represent the level of compliance and effectiveness of results as well as the initiation of strategic modifications. This requires the processing of large amounts of data and the development of analyses along several degrees of maturity.
Substantial impediments are loss of focus, flawed concentration on control-related factors as well as insufficient monitoring of implementation.