Lecture Notes for MGT 4394 - Strategic Management at Virginia Tech (VT)

Notes Information

Material Type:Study Guide
Class:MGT 4394 - Strategic Management
University:Virginia Polytechnic Institute And State University
Term:Summer I 2008
  • Sharing Focus
  • Individual Ethics
  • Business Groups
  • Organizational Ethics
  • Performance Measurement
  • Action Plans
  • Shareholders
  • Loss Control
  • Organization
  • Performance
Login / Sign Up to View Document
Preview Page 1Preview Page 2Preview Page 3Preview Page 4Preview Page 5Preview Page 6

Sample Document Text

Summer 2008 MGMT 4394 Test 3 Study Guide Chapter 9 Ensuring Informational Control: Responding Effectively to Environmental Change Traditional Approach - based on a feedback approach, there is little or no action taken to revise strategies, goals, and objectives until the end of the time period in question -Sequential: (1) strategies formulated and top management sets goals, (2) strategies are implemented (3) performance is measured against predetermined goal set -Control based on a feedback loop from performance measurement to strategy formulation - typically involves length time lags -"Single-loop" learning (compare actual performance to predetermined goal) - appropriate when environment is stable and simple, goals can be measured with high level of certainty, and little need for complex measures of performance Contemporary Approach - emphasizes importance of continually monitoring the environment for trends and events that signal need to make changes Informational Control - gather and...

Related Documents

Tertiary Prevention Exam
Seamster Co Exam
Material Price Variances Exam
Illustration Iii Exam
Shirt Manufacturer Exam
Period Cost Exam
Period Cost Exam
Overhead Application Exam
Brandon Company Exam
Process Inventory Account Exam
Psychoactive Drug Exam
Maquiladoras Exam
Material Price Variances Exam
The Marketing Process Notes
Overhead Application Exam
Aphrodisiac Exam
155, "/var/app/current/tmp/"