After reading this chapter, you should have a good understanding of the following learning objectives:
LO 9.1 | The value of effective strategic control systems in strategy implementation. |
LO 9.2 | The key difference between "traditional" and "contemporary" control systems. |
LO 9.3 | The imperative for "contemporary" control systems in today's complex and rapidly changing competitive and general environments. |
LO 9.4 | The benefits of having the proper balance among the three levers of behavioral control: culture, rewards and incentives, and boundaries. |
LO 9.5 | The three key participants in corporate governance: shareholders, management (led by the CEO), and the board of directors. |
LO 9.6 | The role of corporate governance mechanisms in ensuring that the interests of managers are aligned with those of shareholders from both the United States and international perspectives. |