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Unit 12: Management Control for Differentiated Strategies

12.6 Review Questions Notes

1. Explain the concept of strategy.
2. “Strategies are developed by marketing its core competencies with industry opportunities”.
Discuss the statement.
3. What are the two interrelated aspects on which the strategy of a business unit is dependent?
Can you describe them?

4. “Three interrelated questions have to be considered in developing business unit’s
competitive advantage”. What are they? Discuss briefly.
5. How control and strategy are interrelated?

Answers: Self Assessment

1. Diversified corporations 2. Incentive bonus
3. Low-cost 4. Required return

12.7 Further Readings

Books Anthony, Robert N and Govindrajan, Vijay, "Management Control System", Tata
McGraw Hill.

Kaura, Mohinder N, "Management Control and Reporting System", Response Books.
Maciariello, Joseph A. and Kirby Calvin J., Management Control Systems, 2nd
Edition, Prentice Hall of India Private Limited.

Merchant, Kenneth A, "Management Control System: Text and Cases", Pearson
Education Asia.
Saravanavel, P, "Management Control System", Himalaya Publishing House.

Online links http://www.ecofine.com/strategy/Differenciation%20stategy.htm
http://books.google.co.in/books

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