Authors: Chris Durden, Hector Perera
Addresses: School of Business, James Cook University, P.O. Box 6811, Cairns, QLD, 4870, Australia. ' Department of Accounting and Finance, Division of Economic and Financial Studies, Macquarie University, NSW, 2109, Australia
Abstract: This paper explores the idea of strategic navigation as a flexible approach to managing organisational performance and dealing with environmental turbulence. Strategic navigation expands and builds on the traditional concept of strategic control and could be used to help guide the design of more flexible and informal management control systems to help manage organisational performance. A key dimension of strategic navigation is fastforward creativity, which reflects a flexible and informal but targeted control focus. More conventional ideas of control, including balanced scorecards and interactive control may lack flexibility and be too restrictive in helping organisations to adapt effectively and rapidly to varying and uncertain external circumstances. Strategic navigation provides a means of strengthening the relevance and usefulness of management control, with a key focus on the management rather than the control of organisational performance.
Keywords: management control; strategic control; performance management; strategic navigation; flexible controls; mechanistic controls; environmental turbulence; fastforward creativity; performance evaluation; organisational performance; firm performance.
International Journal of Accounting, Auditing and Performance Evaluation, 2010 Vol.6 No.4, pp.397 - 421
Available online: 25 Oct 2010 *Full-text access for editors Access for subscribers Purchase this article Comment on this article