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Management article
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Reference no. 92106
Authors: Charles F Knight (Harvard Business School)
Published by: Harvard Business Publishing
Published in: "Harvard Business Review", 1992
Length: 14 pages
Topics: Corporate strategy; Electronics; McKinsey Award Winners; Planning; Planning systems; Strategy formulation; Strategy implementation
Share a link: https://casecent.re/p/46442
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Abstract

In 1991, Emerson Electric marked its 34th year of increased earnings and earnings per share. Its financial performance is a result of planning and control. Management sets tough financial goals. CEO Charles Knight and his senior managers spend at least half their time in the planning cycle, which culminates in annual conferences where division heads communicate--and defend--their business plans. Finally, a tight control system that focuses on short-term results tracks implementation and feeds back into the next planning conference. McKinsey Award Winner.
Teaching note
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Reference no. 5-300-033
Subject category: Strategy and General Management
Authors: David A Garvin (Harvard Business School); Jeffrey A Berger (Harvard Business School)
Published by: Harvard Business Publishing
Originally published in: 1999
Version: 9 November 1999
Length: 24 pages
View full details

About

Abstract

In 1991, Emerson Electric marked its 34th year of increased earnings and earnings per share. Its financial performance is a result of planning and control. Management sets tough financial goals. CEO Charles Knight and his senior managers spend at least half their time in the planning cycle, which culminates in annual conferences where division heads communicate--and defend--their business plans. Finally, a tight control system that focuses on short-term results tracks implementation and feeds back into the next planning conference. McKinsey Award Winner.

Related

Teaching note
-
Reference no. 5-300-033
Subject category: Strategy and General Management
Authors: David A Garvin (Harvard Business School); Jeffrey A Berger (Harvard Business School)
Published by: Harvard Business Publishing
Originally published in: 1999
Version: 9 November 1999
Length: 24 pages
View full details