The correct answer is: Strategic control
The strategic control management style involves a fairly low degree of planning influence from the corporate centre, but the centre retains a tight control by setting corporate goals and laying down financial and non-financial objectives for the group, and then reviewing divisions' plans against them.
In a strategic planning style, the corporate centre has a substantial involvement in the planning process, and so has a strong influence over the strategies individual divisions pursue.
In a financial control style, strategic decisions are taken by the divisions, but the corporate centre sets financial targets for each division. Control depends primarily on financial controls alone, rather than establishing a framework of financial and non-financial objectives.
|