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Home > QFINANCE Dictionary > Definition of closed-loop system

Definition of

closed-loop system

General Management

management control system allowing correction a management control system which includes a provision for corrective action, taken on either a feed forward or a feedback basis

closed-loop system - Related Articles
  • Improving Corporate Profitability Through Accountability

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    Once a company has decided to improve corporate governance, measure a broader set of indicators of past and future success, and report internally and externally, managers must develop systems to drive these decisions through the organization. Leading companies are developing integrated, closed-loop
    By Marc J. Epstein, Priscilla Wisner

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Definitions of ’closed-loop system’ and meaning of ’closed-loop system’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’closed-loop system’ and other financial terms with our online QFINANCE Financial Dictionary.

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