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.


   
   

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



   

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