Organizational Structure and Controls I have a homework of 3 strategic management questions that you have to answer after reading the Powerpoint slides for the chapter that I will provide you. as you can see in the attachment there are two folders. one is the slides you need to go over in order to answer the question and the SMJ which is the journal you need to answer.
total answers 1.5 pgs answer in the provided spaces Answer preview…………. Organizational controls guide the use of strategy, indicate how to compare actual results with expected results, and suggest corrective actions to take when the difference between actual and expected results is unacceptable.Properly designed organizational controls—strategic and financial—provide insights into behaviors that enhance firm performance. Financial controls are largely objective criteria used to measure the firm’s performance against previously established quantitative standards, including accounting-based (e.g., return on investment, return on assets) and market-based (e.g., Economic Value Added) measures. Strategic controls are largely subjective criteria intended to verify that the firm is using strategies that are appropriate given the conditions in the external environment and the company’s competitive advantages. While financial control provides a convenient way of measuring firm performance, the strategic control can provide a better diagnosis………….
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