Governance of strategic performance management is the methodology to improve performance measurement, monitoring, and improvement to achieve overall organizational objectives. It is often practiced to balance up the entrepreneurial enthusiasm and strategic goals, which matches organizational performance to financial success, customer satisfaction, internal process efficiency, and organizational capacity optimization. By referring to a particular example of business setting,

a) Discuss the role of strategic governance approach of administering, measuring and monitoring the strategic business performance.

b) Justify the importance of strategic entrepreneurship competencies in ensuring successful strategic objectives. Also, relate your justification to the strategic innovation approach with relevant example in a real business context.

Answer rating: 100% (QA)

a The role of a strategic governance approach in administering measuring and monitoring strategic business performance is crucial for several reasons Alignment with Objectives It ensures that the orga... View the full answer