Week 8

1499 Words Dec 26th, 2014 6 Pages
Week 8 - Lesson 8
Reading Assignment
Read Chapter 13: Strategic Control
Read Chapter 14: Innovation and Entrepreneurship
Review PowerPoint slides for Chapters 13 and 14
Lesson Activity
Discussion Questions (DQ). Please post in the Discussion Forum by this week Friday 11:59 P.M. (PST).

1. Why is strategic control important in the strategy implementation process? What are the four major types of strategic control? What are the pros and cons of each?
2. The balanced scoreboard approach has gained popularity in recent years. What is this approach and how does it integrate strategic and operational control?
3. Total quality management involves a continuous improvement approach. How is continuous improvement related to innovation? What is
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Strategic thrusts and milestone reviews are two types of implementation control. First one provides information that help determine whether the overall strategy is shaping up as planned, and the second one helps with monitoring the progress of the strategy at various intervals or milestones.

2. The balanced scoreboard approach has gained popularity in recent years. What is this approach and how does it integrate strategic and operational control?

The balanced scoreboard approach is a management control system that enables companies to clarify their strategies, translate them into action, and provide quantitative feedback as to whether the strategy is creating value, leveraging core competencies, satisfying the company's customers, and generating a financial reward to its shareholders.

Just like startegic controls and comprehensive control programs, the balances scoreboard approach bring the entire management task into focus. Organizational leaders can adjust or completely change their company's strategy based on feedback from a balanced scoreboard approach as well as other strategic controls.

3. Total quality management involves a continuous improvement approach. How is continuous improvement related to innovation? What is breakthrough innovation? What are the risks and rewards associated with innovation?

Continous improvement is the process of relentlessly trying to find ways to improve and enhance company's products and

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