following is not a strategic control point:
Financial situation
Competitive position
Human resources
Market share
Financial situation
The correct answer is: Financial situation
Explanation:
Financial situation is not considered a strategic control point because it is not directly related to the organization's strategic goals and objectives. While financial performance and stability are important for the overall success of the organization, they do not define the strategic direction or priorities of the organization.
On the other hand, competitive position, human resources, and market share are all strategic control points. Competitive position refers to the organization's position in relation to its competitors and its ability to sustain a competitive advantage. Human resources refer to the organization's workforce and their skills, capabilities, and alignment with the strategic objectives. Market share refers to the organization's share in the target market, indicating its market presence and ability to attract customers. These factors directly impact the organization's strategic positioning and can be influenced by strategic decisions and actions.
To determine which of the following is not a strategic control point, we need to understand what strategic control points are. Strategic control points are factors or elements within an organization that can be used to assess its performance and guide its future direction. These control points are crucial for monitoring and evaluating a company's strategic goals and objectives.
Now, let's evaluate each of the options you provided:
1. Financial situation: The financial situation of a company is often considered a strategic control point. It includes factors such as revenue, profitability, cash flow, and financial stability. By monitoring the financial situation, a company can assess its financial performance and make strategic decisions accordingly. Therefore, financial situation can be considered a strategic control point.
2. Competitive position: The competitive position of a company refers to its ability to perform better than its rivals in the industry. It includes factors like market share, customer loyalty, product differentiation, and competitive advantage. By evaluating its competitive position, a company can determine its market standing and devise strategies to gain a competitive edge. Therefore, competitive position can be considered a strategic control point.
3. Human resources: Human resources are the employees and their capabilities within an organization. While human resources are undoubtedly vital for a company's success, they may not be considered a strategic control point directly. Instead, human resources are often seen as a strategic asset that enables the company to achieve its strategic objectives. So, human resources may not be classified as a strategic control point.
4. Market share: Market share is the percentage of the total target market that a company captures. It reflects the company's position relative to its competitors. By monitoring market share, a company can assess its market performance and make informed strategic decisions. Therefore, market share can be considered a strategic control point.
Based on the analysis, it can be concluded that the option "Human resources" is not typically considered a strategic control point.