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Additional info for E3 - Enterprise Strategy: Strategic Level, Sixth Edition (CIMA Official Learning System)

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For example, climbing the career ladder is a common feature of political parties and public bodies, while focusing on building up personal reputation is a feature of universities and among hospital consultants. 4 Public sector objectives The public sector is diverse and includes: 1. Nationalised industries: A commercial enterprise that sells its goods on a market but which has its priorities set mainly by political rather than market conditions and reporting to government-appointed boards and government ministers rather than shareholders.

This strategy should also feature in the goal structure. They can be manipulated by creative accounting. Some of the drawbacks of profit-based measures are addressed by value-based measures. These are discussed in Chapter 8. Consequently the strategic targets of firms usually contain a mixture of financial and non-financial measures of performance. g. ). The issue of developing balanced scorecards of financial and non-financial objectives for the purposes of control is discussed in Chapter 8. The debate on the primacy of financial targets widens when we recognise the impact of other stakeholders and the issues of corporate social responsibility.

5. g. a risque new TV show that shows singles trying to lure away committed partners in relationships). 6. Your initiative is attractive to opportunists. 7. Your initiative becomes a lightning rod for disaffected groups. 8. g. they help Group A against your initiative in order that Group A gives them help with one of their pet issues). 9. They are suffering from pique, because you did not involve them in the decisionmaking process. Wood (1994) suggests that stakes can be considered as falling into the following analytical categories: 1.

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