Describe the role of strategic control in helping the organization to balance the interaction between the businesses’s internal and the external environment.
Strategic control is the process of monitoring and adjusting an organization's strategic plans and actions to ensure they align with the organization's overall goals and objectives. Strategic control helps organizations balance the interaction between their internal environment (such as their structure, resources, and capabilities) and their external environment (such as competitors, customers, and the broader industry).
To balance the interaction between the internal and external environments, strategic control helps organizations in the following ways:
Monitoring performance: Strategic control involves monitoring the organization's performance __________ _____ ____ _____ ____ _________.
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