Texas Instruments Inc

If you order your cheap custom essays from our custom writing service you will receive a perfectly written assignment on Texas Instruments Inc. What we need from you is to provide us with your detailed paper instructions for our experienced writers to follow all of your specific writing requirements. Specify your order details, state the exact number of pages required and our custom writing professionals will deliver the best quality Texas Instruments Inc paper right on time. Out staff of freelance writers includes over 120 experts proficient in Texas Instruments Inc, therefore you can rest assured that your assignment will be handled by only top rated specialists. Order your Texas Instruments Inc paper at affordable prices! Texas Instruments management control system is centered on a planning system called OST system (Objective Strategy and tactic system). The system has two main features

- The hierarchy of goals

- The dual responsibility of management

The hierarchy of goals is a system to formulate tactics according to corporate objective which is the fundamental goals of the entire company. Corporate objective is a long term goal. Besides this goal, TI also set a profit target to be achieved in the current year. However, sometimes the way to maximize current profit may hinder long term strategic implementation. In order to compromise the trade off between short term and long term goals, the managers are assigned dual responsibility. These managers have full responsibilities to think strategically how to achieve current profit target in a way that would not jeopardize long term achievement. Cheap research paper on Texas Instruments Inc This OST planning system is backed up by four other components (pic) Resource Allocation System, organizational structure, organization culture and Incentive Compensation system.

Resource Allocation System

The system separates the budgets for operating expenses from the one for OST implementation expenses (ie, R&D expenses, venture). In the OST budget system, the projects are ranked according to their importance (ie, how big is the possible profit). In Operating funds, the system adapts a zero based budget system, a system which required a manager to start from the scratch from each year in identifying the funds necessary for current operation and justify their need. This system aims to ensure the resources are being used as efficiently as possible due to limitation.

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