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Strategic Controls and Financial Controls

Strategic Controls and Financial Controls

Q 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.

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The strategic control can be considered as a criteria that has intended to check within the organization for using suitable strategies in order to gain the competitive advantage. On the other hand, the financial control involves the need of measuring the performance of the corporation against the previous result as well as the performances of the competitor companies and the performance of the entire industry (Hitt et al. 2011).