Levers of Control for Implementing Strategy - Ch. 14

7 Pages
Unlock Document

University of Toronto Scarborough
Financial Accounting
Prof.Jan Klakurka

MGTD54 Week 11 March 31, 2011 Ch.14 Levers of Control for Implementing Strategy Levers of control: performance measurement and control system tools available to mngrs to work on achieving profit goals and strategies Levers of Control - control of business strategy achieved by integrating four levers of beliefs systems, boundary systems, diagnostic control systems, interactive control systems - dynamic tension bw opportunistic innovation and predictable goal achievement Using Levers of Control to Guide Strategy - strategy is plan, pattern of actions, product-market position, unique perspective Intended strategies: plans managers attempt to implement in specific product market based on analysis of competitive dynamics and current capabilities - plans managers want to achieve Emergent strategies: emerge spontaneously as employee respond to unpredictable threats and opportunities through experimentation and trial and error Realized strategies: outcome of both streams combined, what actually happened Diagnostic control systems - Transform intended strategies into realized strategies - Relates to strategy as a plan - Measure outcomes against preset profit plans and performance goals - Monitor for unanticipated roadblocks or insufficient resources - Watch for inappropriate goal setting Interactive control systems - Tools to influence experimentation and opportunity-seeking, resulting in emerging strategies - Consistency and guide create search processes - Relates to strategy as patterns of action www.notesolution.com
More Less

Related notes for MGAD40H3

Log In


Don't have an account?

Join OneClass

Access over 10 million pages of study
documents for 1.3 million courses.

Sign up

Join to view


By registering, I agree to the Terms and Privacy Policies
Already have an account?
Just a few more details

So we can recommend you notes for your school.

Reset Password

Please enter below the email address you registered with and we will send you a link to reset your password.

Add your courses

Get notes from the top students in your class.