Managing a Cross-Border Joint Venture
Review the CIBC Mellon: Managing a Cross-Border Joint Venture Case Study found on page 219 in your textbook 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 firm’s 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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Strategic vs. Financial Controls
Business investors will often seek to invest in projects whose outcomes contribute to the ultimate goal of the business. In particular, strategic business objectives are often the long-term goals of a business, and are often related to the vision statement of the company (Kinicki & Williams, 2016). Consequently, the top management of any particular company is often responsible for the development of a firm’s strategic objectives, and could lead to radical changes in the firm that, for instance, result to improved performance of a business within a particular industry.
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