Strategy Planning for Organizational Control

To be successful, management must define a strategy and provide for effective corporate governance. Strategy is defined as “an adaptation of behavior or structure with an elaborate and systematic plan of action.” Another more specific definition of strategy is “to create a fundamental change in the way the organization conducts business.” Obviously, the Second definition indicates that there are only a handful of people with that much authority. Corporate governance is often defined by ISACA as “ethical behavior of corporate executives toward shareholders and stakeholders to maximize the return of a financial investment.” To clarify who is responsible for corporate governance, we could use this definition: ...

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