What is the role of metrics and measurement in the strategy process?

A

The role of metrics and measurement in the strategy process is to assist in evaluating goals, plans, and tasks. While making strategies, measurement and metrics offer an understanding of the rate of progress that has been realized. They help in monitoring the development of the plans attributable to the periodic evaluation of the objectives with actual performance. They also enable careful assessment of whether the strategy remains on course from the commencement to the completion of a project. If metrics and measurement are found to divert from the target at any point, the causes can easily be established and corrections made to ensure that the strategy implementation remains on track.

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Academic.Tips. (2021, September 14). What is the role of metrics and measurement in the strategy process? Retrieved from https://academic.tips/question/what-is-the-role-of-metrics-and-measurement-in-the-strategy-process/

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Academic.Tips. 2021. "What is the role of metrics and measurement in the strategy process?" September 14, 2021. https://academic.tips/question/what-is-the-role-of-metrics-and-measurement-in-the-strategy-process/.

1. Academic.Tips. "What is the role of metrics and measurement in the strategy process?" September 14, 2021. https://academic.tips/question/what-is-the-role-of-metrics-and-measurement-in-the-strategy-process/.


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Academic.Tips. "What is the role of metrics and measurement in the strategy process?" September 14, 2021. https://academic.tips/question/what-is-the-role-of-metrics-and-measurement-in-the-strategy-process/.

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"What is the role of metrics and measurement in the strategy process?" Academic.Tips, 14 Sept. 2021, academic.tips/question/what-is-the-role-of-metrics-and-measurement-in-the-strategy-process/.

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