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Chapter 12: Strategic Leadership (SL) - page 20 / 25

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Key Strategic Leadership Actions

Establishing Balanced Organizational Controls

Strategic leaders are responsible for the development and effective use of strategic and financial controls

Controls provide the parameters for implementing strategies as well as the corrective actions to be taken when implementation related adjustments are required

The challenge is to achieve an appropriate balance of financial and strategic controls

The Balanced Scorecard

Framework that allows strategic leaders to verify that they have established both financial and strategic controls to assess firm performance

Underlying premise is that firms jeopardize their future performance possibilities when financial controls are emphasized at the expense of strategic controls

An appropriate balance of strategic and financial controls allows firms to achieve higher level of performance.

Uses multiple perspectives

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