Administrative Regulation Versus Market Regulation in the Diversified Company
Administrative Regulation Versus Market Regulation in the Diversified Company
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In our eReader you can find the full English version of the book. Read Administrative Regulation Versus Market Regulation in the Diversified Company Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book Administrative Regulation Versus Market Regulation in the Diversified Company
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While shorter- time horizon strategies may not always be adopted by divisions as compared to the independent firms, the pressures are evidently there. Less Willingness to Adopt Risky Strategies : When one considers the implications of the administrative structure described above, it may well be that the DGM is willing to take less risk in strategic choices than the CEO of the inde- pendent firm. The DGM is continuously measured and rewarded on the basis of mainly financial results, and seeks ap...proval and advancement from corporate management. Despite the ability of the diversified corporation as a whole to withstand failures, it -12- is extremely difficult to shield the DGM from the adverse affects of a prudently attempted move which results in failure.
The cause is a variant of the informational problems described above. It is hard for the DGM to communicate credibly and on an ex ante basis accurate probabilities of failure of risky strategies. Ex post, his explanation can be read as excuses, and failures interpreted as the lack of trying hard enough to implement effective strategies.
What to read after Administrative Regulation Versus Market Regulation in the Diversified Company?
You can find similar books in the "Read Also" column, or choose other free books by Michael E Porter to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
While shorter- time horizon strategies may not always be adopted by divisions as compared to the independent firms, the pressures are evidently there. Less Willingness to Adopt Risky Strategies : When one considers the implications of the administrative structure described above, it may well be that the DGM is willing to take less risk in strategic choices than the CEO of the inde- pendent firm. The DGM is continuously measured and rewarded on the basis of mainly financial results, and seeks ap...proval and advancement from corporate management. Despite the ability of the diversified corporation as a whole to withstand failures, it -12- is extremely difficult to shield the DGM from the adverse affects of a prudently attempted move which results in failure.
The cause is a variant of the informational problems described above. It is hard for the DGM to communicate credibly and on an ex ante basis accurate probabilities of failure of risky strategies. Ex post, his explanation can be read as excuses, and failures interpreted as the lack of trying hard enough to implement effective strategies.
What to read after Administrative Regulation Versus Market Regulation in the Diversified Company?
You can find similar books in the "Read Also" column, or choose other free books by Michael E Porter to read onlineMoreLess
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