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OVERVIEW

16 November, 2015 - 14:12

Chapters 7-12 have covered six of the main functions of international management: choice of an entry strategy, design of an organization structure, and planning and implementation of financial, production, marketing, and human resource development strategies. Management's ability to choose appropriate objectives and goals and to devise appropriate strategies for reaching them is a necessary condition for success, but not a sufficient one. In addition, management must devise appropriate systems for ensuring that the right outcomes emerge. Making sure that all subsidiaries accomplish the desired goals-controlling their performance-is essential. Control, the maintenance of certain key variables within certain predetermined limits, is another one of the main functions of management. Control is achieved through communication of information among the various parts of the system.