Strategic Management: Strategic Managment

Gregory G. Dess, University of Texas at Dallas
G.T. Lumpkin, University of Illinois--Chicago

Corporate Governance Update

This update supplements your textbook.

In the first two sections of Chapter 9 we addressed how management can exercise strategic control over the firm’s overall operations through the use of informational and behavioral controls, respectively.

Now, we address the issue of strategic control in a broader perspective, typically referred to as “corporate governance.” Here, we focus on the need for both shareholders (the owners of the corporation) and their elected representatives, the board of directors, to actively ensure that management fulfills its overriding purpose—increasing long-term shareholder value.

Chapter 9 - Update (260.0K)

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