Monitoring and evaluation are necessary to measure the success of strategies from "summary" of The Power of Strategy Innovation by Robert E. JOHNSTON,J. Douglas BATE
To truly understand the effectiveness of any strategy, it is essential to have a system in place for monitoring and evaluating its progress. Without this ongoing assessment, it is impossible to know whether the strategy is achieving its intended goals or if adjustments need to be made. Monitoring allows for real-time tracking of performance, giving organizations the opportunity to identify issues or areas of improvement early on. By assessing key performance indicators and other relevant data, decision-makers can gain valuable insights into the strategy's impact and make informed decisions moving forward. Evaluation, on the other hand, provides a more comprehensive review of the strategy's overall success. This process involves analyzing the data collected during monitoring to determine ...
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