September 2011
Intermediate to advanced
288 pages
7h 35m
English
The elements of a management control system need to be linked to an organization’s philosophy of corporate entrepreneurship. The elements of a corporate entrepreneurship philosophy include:
• Broadly defined with effective control elements
• Ability of management to give up control through delegation and employee trust
• Empowerment and autonomy built into the job
• Understand the relationship between empowerment and control
• Promote and reward entrepreneurial behavior
• Open communication and dissemination of information
• Trust and respect at all levels
• Encourage, motivate, and reward innovation and creativity
Many centralized organizations have such advanced and formalized control systems ...
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