Exercising Strategic Coporate Control

Enron, Parmalat, Worldcom These scandals highlighted governance problems which justified using several remedies belonging to the conceptual approach of the agency s positive theory. However , it was less noted that these scandals also stem from failure, in terms of control, of these groups strategic growth. This situation has justified a research program focusing on corporate strategic control. According to a "transversal" synthesis of the researches on strategic control, it seems that these will gain from being completed. On the basis of these indications, we put forward the breakthroughs, which a research program on this issue has enabled. The article argues that beyond the need to imagine the architecture of a coherent system of strategic corporate control system, there is a need for strategic controllers to let go of this principle of coherence to resort to ago-antagonist cognitive strategies.

Autorentext

Jean-Philippe Denis & Franck Tannery are Professors of Strategic Management, respectively at Paris X - Nanterre and University of Lyon. They published several scientific aricles and book chapters about the generic theme of the exercise of corporate control.

Klappentext

Enron, Parmalat, Worldcom These scandals highlighted governance problems which justified using several remedies belonging to the conceptual approach of the agency''s positive theory. However , it was less noted that these scandals also stem from failure, in terms of control, of these groups'' strategic growth. This situation has justified a research program focusing on corporate strategic control. According to a "transversal" synthesis of the researches on strategic control, it seems that these will gain from being completed. On the basis of these indications, we put forward the breakthroughs, which a research program on this issue has enabled. The article argues that beyond the need to imagine the architecture of a coherent system of strategic corporate control system, there is a need for strategic controllers to let go of this principle of coherence to resort to ago-antagonist cognitive strategies.