What is meant by strategic controlling?
Strategic controlling is a subfield of controlling that focuses on the long-term planning and management of corporate goals and strategies. It supports company management in identifying and analyzing opportunities and risks, as well as in developing and implementing strategies to ensure sustainable business success.
Typical Functions of Strategic Controlling Software:
- Goal and Strategy Planning: Assisting in the setting and tracking of long-term corporate goals and strategies.
- SWOT Analysis: Conducting strengths, weaknesses, opportunities, and threats analyses to evaluate the company's position.
- Balanced Scorecard: Implementing and monitoring a balanced scorecard system for performance measurement and strategy execution.
- Scenario Analysis: Creating and analyzing various scenarios to evaluate potential future developments and their impacts.
- Risk Management: Identifying, assessing, and monitoring strategic risks.
- Benchmarking: Comparing company performance with competitors and best practices to identify improvement opportunities.
- Reporting and Dashboards: Generating strategic reports and dashboards to visualize progress and deviations.
Examples:
- Functions for creating and monitoring balanced scorecards, enabling the definition and tracking of strategic goals and KPIs.
- Functions for conducting scenario analyses that simulates various market developments and assesses their potential impact on the company.
- A risk management software that identifies, assesses, and monitors strategic risks.