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15 Strategic Control and its Impact on Efficiency, Speed, and Innovation in Organizations

  • Manjula S. Salimath and Vallari Chandna
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Evolution of Management Practice
This chapter is in the book Evolution of Management Practice

Abstract

Whether and how smoothly an organization is able to attain its strategic objectives depends on monitoring and evaluative processes that generally fall under the realm of strategic control. Without strategic control mechanisms, organizations can be put in a disastrous position relative to their own goals and their competition. Such a situation would be like running a race blindfolded, with no cues about one’s own position on the racetrack, the twists and turns coming ahead, the need to accelerate in comparison to other runners, the remaining distance in the race, or even whether the finish line was reached. Thus, a lack of strategic control mechanisms is problematic for organizations as limited resources require efficient management, and in a competitive industry landscape, efficiency, speed, and innovation are necessary for success. We move on to discuss contemporary technology, artificial intelligence (AI), as offering unique opportunities as well as challenges for organizations with regard to strategic control. We offer a model for success and end with future directions.

Abstract

Whether and how smoothly an organization is able to attain its strategic objectives depends on monitoring and evaluative processes that generally fall under the realm of strategic control. Without strategic control mechanisms, organizations can be put in a disastrous position relative to their own goals and their competition. Such a situation would be like running a race blindfolded, with no cues about one’s own position on the racetrack, the twists and turns coming ahead, the need to accelerate in comparison to other runners, the remaining distance in the race, or even whether the finish line was reached. Thus, a lack of strategic control mechanisms is problematic for organizations as limited resources require efficient management, and in a competitive industry landscape, efficiency, speed, and innovation are necessary for success. We move on to discuss contemporary technology, artificial intelligence (AI), as offering unique opportunities as well as challenges for organizations with regard to strategic control. We offer a model for success and end with future directions.

Chapters in this book

  1. Frontmatter I
  2. Advance Praise for Evolution of Management Practice V
  3. Contents VII
  4. 1 Introduction: The Evolution of Management Practice 1
  5. Evolution of Planning
  6. 2 Preparing for Organizational Change and Business Transformation 13
  7. 3 Planning for Technological Change 25
  8. 4 Creating Strategic Value through Digital Reinvention 35
  9. 5 Responsible and Sustainable Planning in Contemporary Organizations 47
  10. Evolution of Leading
  11. 6 Preferred Managerial Leader Behavior: Implicit and Explicit Theories 59
  12. 7 Human Resource Leadership in a Technology-Driven World 77
  13. 8 Preferred Managerial Leader Behavior in a Global and Diverse World 89
  14. 9 Navigating the Digital Frontier: A Model for Effective Leadership and Virtual Teams 99
  15. Evolution of Organizing
  16. 10 Reorganization of Enterprise Business Models with an AI and Blockchain–First Approach 111
  17. 11 Incorporating Design Thinking Into Data-Driven Strategic Management 123
  18. 12 Organizing Essential Supply Chain Skills During a Pandemic 135
  19. Evolution of Controlling
  20. 13 Innovation and Operational Control 151
  21. 14 Technology Oversight for Optimal Corporate Performance 165
  22. 15 Strategic Control and its Impact on Efficiency, Speed, and Innovation in Organizations 177
  23. List of Figures 187
  24. List of Contributors 189
  25. About the Editor 193
  26. Index 195
https://doi.org/10.1515/9783111316987-015

Chapters in this book

  1. Frontmatter I
  2. Advance Praise for Evolution of Management Practice V
  3. Contents VII
  4. 1 Introduction: The Evolution of Management Practice 1
  5. Evolution of Planning
  6. 2 Preparing for Organizational Change and Business Transformation 13
  7. 3 Planning for Technological Change 25
  8. 4 Creating Strategic Value through Digital Reinvention 35
  9. 5 Responsible and Sustainable Planning in Contemporary Organizations 47
  10. Evolution of Leading
  11. 6 Preferred Managerial Leader Behavior: Implicit and Explicit Theories 59
  12. 7 Human Resource Leadership in a Technology-Driven World 77
  13. 8 Preferred Managerial Leader Behavior in a Global and Diverse World 89
  14. 9 Navigating the Digital Frontier: A Model for Effective Leadership and Virtual Teams 99
  15. Evolution of Organizing
  16. 10 Reorganization of Enterprise Business Models with an AI and Blockchain–First Approach 111
  17. 11 Incorporating Design Thinking Into Data-Driven Strategic Management 123
  18. 12 Organizing Essential Supply Chain Skills During a Pandemic 135
  19. Evolution of Controlling
  20. 13 Innovation and Operational Control 151
  21. 14 Technology Oversight for Optimal Corporate Performance 165
  22. 15 Strategic Control and its Impact on Efficiency, Speed, and Innovation in Organizations 177
  23. List of Figures 187
  24. List of Contributors 189
  25. About the Editor 193
  26. Index 195
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