Strategic control is of four types such as premise control, special alert control, strategic surveillance, and implementation control. Premise control can be defined in the following ways.
Definition (1):
Management process of systematically and continuously checking to determine whether premises upon which the strategy is based are still valid. Every strategy is based on certain planning premises –assumptions or predictions. If a vital premise is no longer valid, the strategy may have to be changed. The sooner an invalid premise can be recognized and rejected, the better are the chances that an acceptable shift in the strategy can be devised.
Definition (2):
It is designed for checking continuously and systematically whether the assumptions on which a strategy is based are valid in all circumstances. Premise controls help you to test whether these assumptions or premises still hold true once you practically put your concepts into action. Environmental factors like social changes, interest rates, and inflation or industry factors like barriers to entry, competitors, and suppliers may affect premises. Premise control will assist you in recognizing changes in the premises and thus help you to adapt the strategy accordingly.