The following is not a strategic control point:
Financial situation
Competitive position
Human resources
Market share
Financial situation
The financial situation is not a strategic control point.
To determine which of the given options is not a strategic control point, we need to understand what a strategic control point is.
A strategic control point refers to a factor or element that is crucial for achieving strategic objectives and maintaining a competitive advantage in a business or organization. It involves monitoring, evaluating, and managing key areas that can directly influence the success of a strategy.
Now, let's evaluate each option to determine which one is not a strategic control point:
1. Financial situation: The financial situation of a company is often a critical aspect of strategic control. It includes factors such as cash flow, profitability, debt management, and financial stability. Assessing and managing the financial situation is essential for effective decision-making and maintaining the overall strategic direction.
2. Competitive position: Evaluating and understanding a company's competitive position is crucial for strategic control. This involves analyzing factors such as market share, customer satisfaction, product differentiation, pricing, and competitor analysis. Adjusting strategies and tactics based on the competitive landscape is necessary to maintain or enhance market position.
3. Human resources: Human resources play a significant role in strategic control. An organization's workforce, their skills, knowledge, and overall capabilities are essential for achieving strategic objectives. Managing, developing, and aligning employees with the strategic direction ensures that the human element supports the successful execution of strategies.
4. Market share: Market share refers to the proportion of a market's total sales or revenue that a particular company or product holds. Monitoring and managing market share is an essential strategic control point as it demonstrates a company's position and performance in the marketplace. Gaining or maintaining market share often requires strategic decisions and actions.
Based on the above evaluations, the option that is NOT a strategic control point is "Market share." While market share is an important metric to monitor, it is more of a result or outcome of effective strategic control in areas such as financial situation, competitive position, and human resources management. Market share is influenced by several strategic control points but is not a direct control point itself.
To summarize, the following are all strategic control points except for market share.