Implementing a new strategy in a firm

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1. Discuss what leadership or staffing skills a Board of Directors should be looking for when hiring a senior management person to implement a major strategic plan.

2. Describe the benefits MBO and TQM can bring to a new strategic plan.

3. Evaluate the part corporate culture can play when contemplating implementing a new strategy in a firm. Describe briefly the corporate culture in your Strategic Audit firm.

4. Discuss the three types of controls that firms can use to evaluate a strategy. Explain examples of each of these controls.

5. Describe various measurements of corporate performance.

6. Describe a specific strategic incentive management method you would use for your Strategic Audit firm.

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