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Other useful managerial controls for a company might include performance metrics that align with strategic goals, regular financial audits to ensure fiscal responsibility, and employee feedback systems to gauge morale and productivity. Implementing risk management frameworks can help identify potential pitfalls and mitigate them proactively. Additionally, fostering a culture of accountability through clear communication of roles and expectations can enhance overall operational effectiveness.

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7mo ago

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What are managerial goals in business?

Management goals might include revenue, improvement, productivity, quality assurance, employee development, or management services consultant packages.


What other planning tools and techniques might be useful to Andrew Friedman as he oversees and directs the team's operation?

What other planning tools and techniques might be useful to Andrew Friedman as he oversees and directs the team's operations? Be specific.


What is the difference between direct labor savings and labor cost avoidance savings from a managerial perspective?

Direct labor savings are savings that a company receives from reducing current labor costs, whereas cost avoidance is savings from an expected increase in expenses. This increase could be due to opportunities driven from direct procurement management and decisions, although the additional expenses might not have been budgeted for directly.


What factors that can cause the controls that have been established and implemented for a prolonged period of time?

Several factors can lead to the persistence of established controls over time, including organizational culture, which reinforces adherence to protocols; regulatory requirements that mandate compliance; the perceived effectiveness of the controls in mitigating risks; and the lack of significant incidents that might prompt a reevaluation or overhaul of the controls. Additionally, resistance to change among employees and stakeholders can contribute to the longevity of existing practices.


What are some actions an entrenched management might take that would harm shareholders?

REFERENCE:Brigham and Ehrhardt (2009) Financial Management Theory andPractice (13th Ed) 13.4 Managerial Behavior and Shareholder Wealth, page 531 (Retrieved onJuly 23, 2011)

Related Questions

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An advisory meeting might be a meeting of all employees to inform them about upcoming things. A managerial meeting is a meeting of managers to discuss courses of action for a business.


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Why might countries be concerned about who controls the strait of Hormuz?

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A preposition that comes after useful might include for, except, during, and inside.


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When might it be useful to write in succinct way?

Always.