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Sharpening Focus: How One Company Built a Strategic Measurement System
Author(s) -
Focht Scott
Publication year - 2002
Publication title -
journal of corporate accounting and finance
Language(s) - English
Resource type - Journals
eISSN - 1097-0053
pISSN - 1044-8136
DOI - 10.1002/jcaf.10049
Subject(s) - process management , strategic planning , sharpening , focus (optics) , process (computing) , business , action (physics) , strategic control , strategic management , operations management , management , computer science , strategic thinking , marketing , engineering , economics , artificial intelligence , physics , quantum mechanics , optics , operating system
Abstract A formalized strategic management program at First of Omaha Merchant Processing has helped align theorganization through development of strategic objectives and corresponding action plans. As a result, thecompany's budget process now works in tandem with its planning cycle, and its organizational structure nowsupports implementation of strategy. © 2002 Wiley Periodicals, Inc.