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MGT 498 Week 2 DQ6

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Week 2 DQ6
Why do we want to create measurement devices early in the strategy process? How do metrics
allow us to track the strategy process once it is implemented? How is environmental scanning
helpful in choosing the appropriate metric guidelines to use?
Creating measurement devices early in the strategic process allows standards to be set to measure
activity against, and creates the standards that are used to judge success and failure. How the
standards are to be measured will help focus strategic planning on desired goals. The use of
metrics helps to track the strategy process by comparing desired outcome with actual outcome. It
helps to determine is strategic targets are being met as scheduled. Environmental scanning aids in
determining metric guidelines by scanning externally to determine what standards are
appropriate to set as metrics, these standards may be based on industry standards, competitors
standards, legal standards, or idealized projections. Environmental scanning externally helps to
create the standards, internal scanning helps to shape the metrics by determining if these
standards are realistic to set for the organization or if changes are needed to the organizational
structure or processes to make the desired metrics achievable.

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Week 2 DQ6 Why do we want to create measurement devices early in the strategy process? How do metrics allow us to track the strategy process once it is implemented? How is environmental scanning helpful in choosing the appropriate metric guidelines to use? Creating measurement devices early in the s ...
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