review the CIBC Mellon: Managing a Cross-Border Joint Venture Case Study found on page 219 in...

review the CIBC Mellon: Managing a Cross-Border Joint Venture Case Study found on page 219 in your textbook (around 651 in eBook) and respond to the following:

Compare and contrast strategic controls and financial controls. Provide specific examples of how each may be used to best serve a corporation.

As a strategic leader, determine if you would feel ethically responsible for developing your firmbs human capital and state why. Discuss whether or not you believe your position is consistent with the majority or minority of today's strategic leaders.

Expert Solution

Compare and contrast strategic controls and financial controls.

strategic controls:- Strategic control is a term used to describe the process used by organizations to control the formation and execution of strategic plans; it is a specialised form of management control, and differs from other forms of management control.

financial controls:- A financial controller is a senior-level executive who acts as the head of accounting, and oversees the preparation of financial reports, such as balance sheets and income statements.

diffrents between strategic controls and financial controls.

Strategic controls: The use of continuing and strategically applicable criteria with corporate-level executives to estimate the performance of division executives as well as their units.financial control are between the tool that executives use to satisfy the third as well as fourth facets of their role , tracking development and evaluting outcome.
They relate to organizational structure because strategic controls drops into the planning category as well as is the fulfillment of the initial two supervision roles, the growth and execution of strategic plans. And the financial controls are the generally important for an aim measure of business performan.

Strategic leader:-Strategic Leadership is the ability to influence others to voluntarily make decisions that enhance the prospects for the organisation's long-term success while maintaining long-term financial stability.

The resposibilities of strategic leader are the following.

Dealing with te diverse and cognitively competitive situation.
Managing human capital.
Efectively managing the company's operation.
Sustaining high performance over time.
Being spokesman of the organigation.
Willing to make candid, courageous and yet pragmatic decisions.

ekkarill92 answered 2 years ago

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