What Are Organizational Controls? Why Are Strategic Controls and Financial

question 107

Essay

What are organizational controls? Why are strategic controls and financial controls important aspects of the strategic management process?

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Definitions:

Breach

The act of breaking or failing to observe a law, agreement, or code of conduct.

Lost Profits

The potential revenue that a business did not earn due to an interruption, disruption, or another adverse event.

Resale

The act of selling an asset or item that was previously purchased, often occurring in secondary markets or through distributor networks.

Breaches

Incidents where laws, contracts, or promises are violated, leading to legal consequences.