Choice of this approach increases uncertainty in a business unit's task evironment
What is the differentiation approach?
100
This theory means that management controls are contingent on various external and internal factors.
What is contingency theory?
100
United Instruments' 2 lines of business
What are Electric Meters and Electronic Instruments?
100
This product is based on mechanical and electric technology.
What are Electric meters?
100
The 3 missions a business unit can adopt.
What are build, hold, and harvest?
200
Business units decide between these 2 competitive advantages.
What are differentiation and low-cost?
200
These are the 2 interrelated aspects a business unit's strategy depends on.
What are its mission or goals and the business unit's competitive advantage?
200
The process of summarizing what happened to profits during the period to highlight salient managerial issues.
What is profit variance analysis?
200
This phase focuses on tying variance analysis to strategic analysis.
What is Phase III: Variance anaysis using a strategic framework?
200
This strategy demands attention to tasks with a view to maximize short-term profits.
What is a harvest strategy?
300
The low-cost business unit faces a level of uncertainty similar to this business unit.
What is the harvest business unit?
300
Chapter 6 states that controls should be linked to this.
What is strategy?
300
Phase based on dual ideas of profit impact as a unifying theme and multilevel analysis.
What is Phase II: A management-oriented approach to variance analysis?
300
Simple methodology where actual results are compared to budgeted amounts.
What is Phase I: The annual report approach
300
Different missions require these.
What are systematically different management control systems?
400
This type of product is perceived to have advantages over competing products.
What are differentiated products?
400
Texas Instruments is a firm that uses this competitive advantage.
What is low cost?
400
1. Management must break down the overal profit variance by key causal factors and
2. The company must put these pieces back together while evaluating managerial performance
What are the 2 steps of variance analysis?
400
Good cost control in Manufacturing and R&D
What is a Phase II conclusion about United's performance?
400
The strategic planning process is especially important during this type of environment.
What is an uncertain environment?
500
The key strategic issue for red dye.
What is product differentiation?
500
Build managers focus more on this time span.
What is the long run?
500
This phase represents the best current thinking on variance analysis.
What is Phase II?
500
Electric Meters' decrease in the market under Phase III analysis.
What is 29%
500
Less reliance is usually placed on budgets in this type of unit.