Belief System

Definition: a Belief System is a management system used to communicate and control employee commitment to the corporate vision, core values, mission statement, vision statement, credos and corporate purpose.
It is one of the 4 levers of control decribed by Simons to manage the tension in organizations between profit, growth, risk and control besides Boundary Systems, Diagnostic Control Systems and Interactive Control Systems.

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More on corporate governance: Agency Problem, Board of Directors, Boundary System, CEO Duality, Chairman of the Board, more...

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