Salazar, Darren Ace G.

BSBA MM 3-2
Research Work#7

Strategy Review, Evaluation & Control

- The Strategy Evaluation Framework: The Strategic Evaluation Framework works by

requiring ongoing comparisons between the evolving product under development and the
original traits of a remedy that would be both distinctive and address an unmet market need
functions by enforcing a constant benchmarking of the evolving product in development relative
to the original characteristics of a therapy that would be both differentiated and solve some as
yet unmet market need.

- Reviewing bases of strategy, Measuring How have competitors reacted to our

strategies? How have competitors' strategies changed? Have major competitors' strengths and
weaknesses changed? Why are competitors making certain strategic changes? Why are some
competitors' strategies more successful than others?

- Organizational performance, Corrective action is a process of communicating with the

employee to improve behavior or performance after other methods such as coaching and
performance appraisal have not been successful In general, corrective action should be
progressive, beginning with the lowest severity action before employing actions of more
severity. Any formal corrective or disciplinary action must follow the principles of "Just Cause". -
Actions

- Characteristics of Effective Evaluation System Strategy evaluation process should not

dominate or curb decisions; it should promote mutual understanding, trust and common cause.
All functional and operational areas should cooperate with each other in evaluating and
controlling strategies.

- Contingency planning a contingency plan, also known colloquially as Plan B, is a plan

devised for an outcome other than in the usual plan. A course of action designed to help an
organization respond to an event that may or may not happen. Contingency plans can also be
referred to as 'Plan B' because it can work as an alternative action if things don't go as planned.
It is often used for risk management for an exceptional risk that, though unlikely, would have
catastrophic consequences