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| Author: | Goold, M. |
| Title: | Strategic control in the decentralized firm |
| Journal: | Sloan Management Review
1991 : WINTER, VOL. 32:2, p. 69-81 |
| Index terms: | COMPANY CONTROL DECENTRALISED ORGANIZATIONS CORPORATE STRATEGY STRATEGIC MANAGEMENT |
| Language: | eng |
| Abstract: | It is relatively easy for a multibusiness company to establish budgetary and financial goals for its various divisions. Profits are the bottom line. But maintaining profitability and secure competitive advantage over the long term requires attention to strategic control. Few companies develop effective strategic control processes. Arguments are presented that most companies need to develop an explicit, formal process for monitoring strategic performance. Practical advice is offered on how to create one. The relatively rare circumstances in which an informal strategic control process is more effective than a formal one are identified. The drawbacks of formal strategic control are highlighted. |
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