Why are effective strategic control systems so important
in today's economy?
What are the main advantages of "contemporary" control
systems over "traditional" control systems? What
are the main differences between these two systems?
Why is it important to have a balance between the
three elements of behavioral control—culture; rewards
and incentives; and, boundaries?
Discuss the relationship between types of organizations
and their primary means of behavioral control.
Boundaries become less important as a firm develops
a strong culture and reward system. Explain.
Why is it important to avoid a "one best way" mentality
concerning control systems? What are the consequences
of applying the same type of control system
to all types of environments?
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?
Define principal—principal (PP) conflicts. What are
the implications for corporate governance?
