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| Author: | Sunder, S. |
| Title: | Management Control, Expectations, Common Knowledge, and Culture |
| Journal: | Journal of Management Accounting Research
2002 : VOL. 14:1, p. 173-188 |
| Index terms: | MANAGEMENT MANAGEMENT CONTROL EXPECTATIONS CULTURE KNOWLEDGE ORGANIZATION |
| Language: | eng |
| Abstract: | Control in organizations can be defined as expectational equilibrium, or correspondence between how the members of an organization behave and how others expect them to behave. Using a contract model of organizations as the base, the authors use human expectations, common knowledge, and culture to propose a theory of control. Changes in factor and product market conditions tend to disrupt control in organizations. Strategic management consists of continual monitoring and anticipation of market conditions, and redesign, negotiation, and implementation of contracts to restore and maintain the expectational equilibrium. |
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