CHAPTER ONE
INTRODUCTION
1.0 DESCRIPTION OF THE RESEARCH UNDERTAKEN
1.1 Background of study
Organizations all over the world are governed by set of guidelines, principles, rules and control mechanisms. As in all business enterprises, these rules are to guide, control and monitor the operations of firms to ensure public safety and confidence. Management should therefore be future focused and it is their responsibility to put in place plans, policies and strategies as well as control measures to ensure survival and progress of their businesses.
The business environment continually throws out fresh challenges in which management must respond. To survive and prosper in this rapidly changing environment, all organizations constantly develop strategies to meet changing conditions. By …show more content…
are comparative if an organization is to achieve competitive advantage over its rivals.
In the light of this, the primary objective of the study is to findout how strategic and financial controls have contributed to the performance and growth of Licensed cocoa buying companies in Ghana.
1.4 Specific objectives
The specific objectives of the study relate to the following:
i. To find out if the company has organizational control policies specifically relating to strategic and financial controls. ii. To critically evaluate the application of strategic and financial controls by the company. iii. To evaluate the contributions of the controls to improving the competitive advantage and corporate performance of the company. iv. To recommend strategies to improving the application of the strategic and financial controls with the view to enhancing corporate performance to achieve competitive advantage.
1.5 Limitations of the
INTRODUCTION
1.0 DESCRIPTION OF THE RESEARCH UNDERTAKEN
1.1 Background of study
Organizations all over the world are governed by set of guidelines, principles, rules and control mechanisms. As in all business enterprises, these rules are to guide, control and monitor the operations of firms to ensure public safety and confidence. Management should therefore be future focused and it is their responsibility to put in place plans, policies and strategies as well as control measures to ensure survival and progress of their businesses.
The business environment continually throws out fresh challenges in which management must respond. To survive and prosper in this rapidly changing environment, all organizations constantly develop strategies to meet changing conditions. By …show more content…
are comparative if an organization is to achieve competitive advantage over its rivals.
In the light of this, the primary objective of the study is to findout how strategic and financial controls have contributed to the performance and growth of Licensed cocoa buying companies in Ghana.
1.4 Specific objectives
The specific objectives of the study relate to the following:
i. To find out if the company has organizational control policies specifically relating to strategic and financial controls. ii. To critically evaluate the application of strategic and financial controls by the company. iii. To evaluate the contributions of the controls to improving the competitive advantage and corporate performance of the company. iv. To recommend strategies to improving the application of the strategic and financial controls with the view to enhancing corporate performance to achieve competitive advantage.
1.5 Limitations of the