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Controlling subsidiaries, Strategic Management

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Controlling subsidiaries

  • Mission statement, goals and objectives.
  • Performance measurement systems e.g. financial ratios and multidimensional frameworks.
  • Systems for strategic planning and control e.g. reporting lines, internal audit, exception reporting systems.
  • Management appraisal process.
  • Reward e.g. bonuses tied to achieving objectives.
  • Culture e.g. recruitment, training and development of strong corporate culture.

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