Which types of controls are necessary conditions for success in an organization? Only Behavioral Only Informational Neither Informational nor Behavioral Both Informational and Behavioral

Both Informational and Behavioral

What is the key question of information control regarding the organization's goals and strategies? Are the organization's goals and strategies innovative enough? Do the organization's goals and strategies align with industry standards? Are the organization's goals and strategies financially viable? Do the organization's goals and strategies still 'FIT' within the context of the CURRENT strategic environment?

Do the organization's goals and strategies still 'FIT' within the context of the CURRENT strategic environment?

What are the two key issues with information control? 1) Evaluate financial performance 2) Assess employee satisfaction 1) Review past performance 2) Forecast future trends 1) Monitor competitor actions 2) Analyze market trends 1) Scan and monitor EXTERNAL environment 2) Continuously monitor the internal environment

1) Scan and monitor EXTERNAL environment 2) Continuously monitor the internal environment

What are the two types of control systems? Traditional control system and Contemporary Control System Behavioral control system and Informational Control System Operational control system and Strategic Control System Financial control system and Tactical Control System

Traditional control system and Contemporary Control System

Which control system is based largely on the feedback approach with little or no action taken to revise strategies until the end of the time period? Contemporary Control System Financial Control System Traditional Control System (EOY) Operational Control System

Traditional Control System (EOY)

Strategic Control Systems: Performance Monitoring and Organizational Effectiveness

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Sociology - Management

michael1tekrzp Created by 10 mon ago

Cards in this deck(54)

What is the process of monitoring and correcting a firm's strategy and performance called?

What are the two types of strategic control?

Which type of control assesses the ability to respond effectively to environmental changes and asks if the organization is 'doing the right things'?

What type of control focuses on the appropriate balance of a firm's culture, rewards, and boundaries, asking if the organization is 'doing things right'?

Which types of controls are necessary conditions for success in an organization?

Which type of control deals with both internal and external strategic contexts?

What is the key question of information control regarding the organization's goals and strategies?

What are the two key issues with information control?

What are the two types of control systems?

Which control system is based largely on the feedback approach with little or no action taken to revise strategies until the end of the time period?

Which control system involves continuously monitoring the environment and identifying trends or events that signal the need to revise strategies?

What is the traditional approach to strategic control characterized by?

When is the traditional approach to strategic control most appropriate?

In the contemporary approach, how are the relationships between strategy formulation, implementation, and control described?

What components does the contemporary approach to strategic control include?

What are the benefits of continuous monitoring in strategic control?

What is behavioral control focused on?

What are the three key control levers of behavioral control?

What are boundaries/rules in the context of behavioral control?

What factors are associated with boundaries/rules in behavioral control?

How is culture defined in the context of behavioral control?

What factors are associated with culture in professional organizations?

What is the definition of rewards in the context of behavioral control?

What factors are associated with the use of rewards in organizations?

What is corporate governance in a broader perspective?

What is the role or purpose of corporate governance?

Who is part of the modern corporation?

What does the separation of ownership and managerial control entail?

What tasks are efficiently specialized in modern public corporations?

What is the agency theory in the context of corporate governance?

Who are the principals in the context of agency theory?

Who are the agents in the context of agency theory?

When does an agency problem occur?

What is an example of an agency problem?

What is the primary means for monitoring the behavior of managers?

What are the three parts of governance mechanisms?

What is the role of the Board of Directors (BOD) in corporate governance?

What is shareholder activism?

What are some examples of managerial rewards and incentives?

What are external governance control mechanisms?

What is organizational culture a system of?

What does organizational culture shape within a firm?

What does organizational culture produce?

What type of boundaries does culture set within an organization?

What does culture encourage within an organization?

What does culture act as a means of reducing within an organization?

What must an effective culture be within an organization?

What are some methods for maintaining an effective culture?

What are the roles of reward/incentive systems in an organization?

What is a downside of having multiple reward systems in different business units?

What are the effects of having multiple reward systems in subcultures?

What characteristics do effective rewards/incentives share?

What is needed to help ensure the achievement of overall organizational goals/objectives?

What is the purpose of boundaries and constraints in an organization?

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