Management control systems and innovation the president of, Management Theories

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Management control systems and innovation the president of

Question: Management Control Systems and Innovation The president of a fast-growing, high-technology firm remarked, "Developing budgets and comparing performance with the budgets may be fi ne for some fi rms. But we want to encourage innovation and entrepreneurship. Budgets go with bureaucracy, not innovation." Do you agree? How can a management control system encourage innovation and entrepreneurship?

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