Overseeing Strategy and Strategic Oversight

Strategic Planning
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Strategic Planning > Best Practices > Overseeing Strategy and Strategic Oversight

Overseeing Strategy and Strategic Oversight
Hencho Nwaegu, Accountant, Nigeria, Member
Companies find themselves in a fix in times of transformational change, when incremental changes in strategy fails to meet incremental changes in the environment. The only way to mitigate this problem is through strategic oversight. The need for effective operation of internal controls and budgeting need not be overemphasized. There is also need for a strategy committee to be set up at the board level to ensure adequate monitoring of strategy. This committee has to meet at regular intervals to evaluate/review how much the company has gone in achieving its strategy, ask questions where necessary and make recommendations to management. A CIMA strategic scorecard can also be of help. This scorecard is a pragmatic and flexible tool designed to help boards to fulfil their responsibilities to contribute to and oversee strategy effectively. The CIMA card is a 2x2 matrix with 4 quadrants: 1. Strategic Position 2. Strategic Options 3. Strategic Implementation 4. Strategic Risks (...) Read more? Sign up for free

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  Overseeing Strategy and Strategic Oversight
Dr Robin C Hesler
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Strategic Planning
Summary
Forum
🔥Wicked Problems and Strategy Approaches to Deal with Them
Should Top Managers be Strategists?
The OGSM Framework
How to Help a Team Carry Out Strategic Planning
Best Practices
🥇Is Strategic Planning Passé?
🥈S T R A T E G Y Acronym
🥉Strategic Planning must be Dynamic
Strategic Thinking versus Operational Thinking?
Factors in Strategic Decision Making
Why do Most Strategic Plans Fail?
Strategic Planning is about Elimination
Strategy Means Directional Initiatives to Protect And/or Improve your Current Position
Congruence Model Summary
Objectives of Organisation
Why Strategic Planning is Essential
Classical Strategic Planning Process
How Leaders See Strategy Reviews
New Strategic Planning Models
Continuous Planning and Control
Markets > Vision > Strategy + Execution
Brand Strategy for a Start-up
From Traditional to Innovative Strategic Planning
Strategic Planning and Power
Strategic Planning in an Opportunity for Involvement
Strategic Planning Models in Airline Industry
Strategic Plans Must be Used and Executed!
3 Main Activities of Strategic Planning
Shorten the Time Window of Strategic Plans
Overseeing Strategy and Strategic Oversight
Goals - Part of the Plan?


Strategic Planning
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