Chap 8 Strategic Control and Restructuring
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Strategic controls consist of systems to support managers in tracking process toward organizational goals and ensuring that organizational processes and the behavior of organizational members are consistent with those goals. There are three different types of control: feedback, concurrent, and feedforward.
Restructuring typically involves a renewed emphasis on the things an organization does well, combined with a variety of tactics to revitalize the organization and strengthen its competitive position. Popular restructuring tactics include refocusing corporate assets on distinctive competencies, retrenchment, and organizational changes. In some extreme cases, a firm may be forced to consider reorganization under Chapter X1 of the bankruptcy code, or a buyout. Organizations may use any one or a combination of these strategies in restructuring efforts. Strategic restructuring ranges from alliances like jointly managed programs and consolidated administrative functions to organizational integrations, like full-scale mergers.
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