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ADMS 4570 Chapter Notes - Chapter 10: Activist Shareholder, Internal Control, Improper Conduct

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pucegoat339
27 Sep 2016
School
York University
Department
Administrative Studies
Course
ADMS 4570
Professor
Peter Landstreet

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Document Summary

A firm must monitor, test and review their goals and strategies in place. Benefits of doing so: time lags are shortened, changes in competitive environment are detected earlier, can respond with speed and flexibility. Strategic control systems track strategic uncertainties it can be customer tastes, government regulation, competition, technology etc. By having an executive show that it is important, it sends a message out to lower levels that they must treat it as important as well. This deals with doing things right it is focused on the implementation side. Feedback controls are less useful when employees move in and out of the firm they won"t be around after the plan took place to see the feedback and behavioural ones are more useful. This is why it is important to have a culture, rewards and boundaries in place. It is a system of shared values and beliefs that influence the people to produce behavioural norms.

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Related Questions

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