Strategic Management Control: Successful Strategies Based on Dialogue and Collaboration

Strategic management control is different from traditional management control in that it supports both strategy formulation and implementation, is based on non-financial information, deals with both the long and short term, and is designed for each organization's unique strategies. It emphasizes the importance of dialogue and collaboration between hierarchical levels and between actors in the network, and follows a clear structure from the design of strategies to the everyday evaluation and discussion of performance and results.

Format: Paperback / softback
Length: 145 pages
Publication date: 01 July 2021
Publisher: Springer Nature Switzerland AG

Strategic management control stands apart from traditional management control in numerous significant ways. Firstly, it provides support for both the formulation and implementation of strategies. Secondly, it relies extensively on non-financial information, emphasizing the importance of intangible factors in decision-making. Thirdly, it encompasses both long-term and short-term perspectives, enabling strategic and operational decision-making. Fourthly, and perhaps most importantly, strategic management control is tailored to the unique strategies of individual organizations. Within this context, the book underscores the significance of dialogues. The authors argue that it is ill-advised to assume that decisions made at the highest levels of an organization will automatically be carried out and followed throughout the entire organization. Instead, they highlight the importance of dialogue and collaboration, both within hierarchical structures within the organization and between actors in the network. Such communication is vital to making management control processes both strategic and successful. The book follows a well-structured format, spanning from the design of strategies to the regular evaluation and discussion of performance and results. While primarily intended for professionals engaged in strategy and management control roles within organizations, it will also be of interest to students and academics pursuing studies in strategy and management control.

Weight: 250g
Dimension: 235 x 155 (mm)
ISBN-13: 9783030386429
Edition number: 1st ed. 2020