1. strategy what are the cycle steps for the contemporary approach
2. implementation
3. continuous feedback
1. strategy what are the cycle steps for traditional approach
2. implementation
3. performance review
4. adjustment
firms with ceos in the top quintile of pay generated stock returns .. higher t
60%
their direct competitors
- planning company outings and themed luncheons
actions of leaders amd culture warriors - and culture teams screen potential new employees
- reinforcing culture via personal conduct
safeguards against corruption or incompetence, and removes conflict of
agency theory in favor of separation
interest, especially regarding ceo succession
agents people paid by principals to perform a job on their behalf (management)
alexandre arnault ceo moet and chandon / henessy
amazon what is an example of a retailer that uses a comtemporary approach
, STRAT MANA FIN PART 1
analysist conduct in-depth studies of firms, make recommendations to thei
analysts clients (buy hold and sell, rewards and reputation depend on these
recommendatiions
antoine arnault chair loro piana
verify the firm's books, audits conducted by the big 4, desire to continue to
auditors
business
ensure the the borrowing firm's finances are in order, that loan covenants a
banks
being followed
- become active, critical participants what should a board of directors do
- discuss forward looking strategic issues
- evaluate ceo's against high
performance standards
- practice director independence
behavioral control focused on implementation or doing things right
behavioral-control systems balance and alignment among a firm's culture, rewards, and boundaries
behavior and informational control what are the two types of strategic control
bernard arnualt chariman and ceo of lvmh
the ... should create incentives that align with the interests of the ceo and t
board
executives with the interests of onwers of the corporation
, STRAT MANA FIN PART 1
behavioral control manipulates three control levers that are helpful for buil
boundaries, rewards, and culture
organizational loyalty
broader access to knwoledge, what does the benefits of outsider dominance include/..
independent oversight of strategy
one of the most controversial issues in corporate governance ... is should t
ceo duality ceo also be a chairperson of the board of directors or what implications do
this have for the firm performance
to direct the course of corporations, file shareholder action suits, demand
collectively, shareholders have power
issues be brought up for proxy votes
- commited and involved board of what are the list of mechanisms for corporate governance
directors
- shareholder activism and active
engagement
- managerial incentives (reward and
compensation agreements)
company stock boards can require that ceos become substiantial owners of ...