Course: Management Control Processes
Abstract
Given the present global economic recession, all businesses and corporate organizations have been compelled with the need to look for new managerial approaches and ways of channeling their synergies as a way of staying afloat and realizing profit maximization. To this extent, many debates and attempts on the adoption of a given policy framework have been put to use as a way of helping ameliorate the situation. At the same time, reconstructions have subsequently been put up to ensure that follow ups and improvements on the same are made a reality. In this case, the three companies are put into consideration, since they represent all the three models which are being discussed in this research paper in relation to the need to control the prices using the management control processes and other forms of strategic planning which are IT related.
To the effect of the above fact, the research paper will take to carry out this research undertaking in relation to the manner in which the IT connectivity and technology can be used to enhance the business and corporate management and success. To this effect, the companies that are put under observation are the Saudi based Saudi SABIC, the American Halliburton and the Saudi Aramco, which synchronizes both the American based and the Saudi based forms or styles of management. The reason behind this observation is based on the fact that the main essence of the study is based on the need to elucidate the difference between the management policies of the US and Saudi Arabia, with an overall intention being the need to integrate the managerial styles so that the business or the corporate sector is able to come up with the most effective managerial panacea for the two divides.
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