Why effective strategic control systems are so important in today’s economy?
Answer to relevant QuestionsWhat are the main advantages of “contemporary” control systems over “traditional” control systems? What are the main differences between these two systems? What is the role of effective corporate governance in improving a firm’s performance? What are some of the key governance mechanisms that are used to ensure that managerial and shareholder interests are aligned? Rules and regulations can help reduce unethical behavior in organizations. To be effective, however, what other systems, mechanisms, and processes are necessary? What are the advantages and disadvantages of the three types of boundary less organizations: barrier-free, modular, and virtual? Three key activities—setting a direction, designing the organization, and nurturing a culture and ethics—are all part of what effective leaders do on a regular basis. Explain how these three activities are interrelated.
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