Explain why control systems are necessary for strategy implementation.

What will be an ideal response?


Strategic control is the process of monitoring and correcting the strategy and performance of a firm. Two central aspects of strategic control are informational control (the ability to respond effectively to environmental change) and behavioral control (the appropriate balance and alignment among the culture, rewards, and boundaries of a firm). As both general and competitive environments become more unpredictable and complex, the need for contemporary systems increases.

Business

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A(n) ________ code of ethics generally outlines the procedures to be used in specific ethical situations.

A. operational B. credo-based C. principle-based D. policy-based E. tactical

Business

A work environment where the culture is in sync with the chosen strategy and is conducive to good strategy execution is considered a valuable managerial ally because

A. there is much less risk of embarrassing ethical violations. B. it provides company personnel with clear guidance regarding "how we do things around here" and produces significant peer pressure from co-workers to conform to culturally acceptable norms. C. the culture can be readily incorporated into the company's strategic vision and facilitate the achievement of stretch objectives. D. there is reduced need to incorporate negative motivational practices and punitive-type incentives into the reward structure and in the company's approach to people management. E. there is reduced need to employ benchmarking, best practice programs, reengineering, Six Sigma, and TQM to achieve competitive advantage.

Business

The Fifth Amendment protects citizens from involuntary self-incrimination. Discuss the application of this constitutional protection in the following areas: a statement made by a defendant in custody prior to receiving Miranda warnings when the police

intentionally, rather than mistakenly, delayed in providing the warnings; a blood sample given by a defendant; a handwriting sample given a defendant; required participation in a lineup. Explain transactional and use immunity. How does each affect a person's right not to testify under oath? Discuss fully.

Business

Goods may be offered for sale in an auction with reserve or without reserve

Indicate whether the statement is true or false

Business