Sailing through turbulence: strategic control or strategic navigation?

Chris Durden, Hector Perera

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Abstract

This paper proposes a performance management approach that deals with the organisational impact of environmental turbulence. The proposed approach expands the traditional concept of strategic control and could be used to guide the design of management accounting systems concerned with managing organisational performance. In the current organisational environment, where turbulence can be a prominent feature, traditional ideas of strategic control may be too restrictive and lack flexibility in helping organisations respond effectively to varying and capricious external circumstances. Strategic navigation as a performance management approach provides a basis for enhancing the relevance and usefulness of management accounting systems within organisations because it facilitates a focus on managing performance rather than controlling performance and explicitly incorporates flexible and organic control elements.
Original languageEnglish
Title of host publicationProceedings of the fifth Asia Pacific Interdisciplinary Research in Accounting Conference
EditorsStewart Lawrence, Markus J. Milne
Place of PublicationAuckland
PublisherAPIRA 2007 Organising Committee
Number of pages22
Publication statusPublished - 2007
EventAsia Pacific Interdisciplinary Research in Accounting Conference (5th : 2007) - Auckland
Duration: 8 Jul 200710 Jul 2007

Conference

ConferenceAsia Pacific Interdisciplinary Research in Accounting Conference (5th : 2007)
CityAuckland
Period8/07/0710/07/07

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