Ingredients to Financial and Nonfinancial Controls in Corporate Entrepreneurship
One key to financial and nonfinancial controls in a corporate entrepreneurship is to motivate and facilitate employees to be innovative and creative. One way to achieve this is to effectively communicate organizational goals and objectives by:
• Open communication where all employees have access to the financial and nonfinancial information
• Training and development provided at all levels to ensure that employees have the required competencies
• Making sure employees know how their work fits into the overall organizational strategy
• Making sure employees are empowered to make decisions in their work based on their core competencies
• Making employees have a stake ...
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