Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Strategic monitoring is essential in the process management system of a company. It allows for evaluation of changes made to an environmental condition and the

Strategic monitoring is essential in the process management system of a company. It allows for evaluation of changes made to an environmental condition and the overall success of a project (Moseley, 2018). Strategic monitoring allows a company to adapt and adjust to the variables of life. In business this is reflected in the companies that quickly and efficiently adjusted their shipping abilities to have a quicker turn around to be competitive with Amazon 2- day shipping. These companies recognized that the culture of our country was becoming more dependent on instant gratification, and in order to continue surviving they needed to get their goods to the customers quicker

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Hospitality Financial Management

Authors: Agnes L DeFranco, Thomas W Lattin

1st Edition

0471692166, 9780471692164

More Books

Students also viewed these General Management questions

Question

=+7. For the cost matrix of Exercise 3,

Answered: 1 week ago

Question

2. Information that comes most readily to mind (availability).

Answered: 1 week ago

Question

3. An initial value (anchoring).

Answered: 1 week ago

Question

4. Similarity (representativeness).

Answered: 1 week ago