Everand Logo

Welcome to Everand!

  • Discover millions of ebooks, audiobooks, and so much more with a free trial

    Only $11.99/month after trial. Cancel anytime.

    Unavailable
    Management Control System
    Unavailable
    Management Control System
    Unavailable
    Management Control System
    Ebook34 pages22 minutes

    Management Control System

    By IntroBooks

    ()

    Currently unavailable

    Currently unavailable

    About this ebook

    The use of Management Control Systems initiated from the times when globalization came into being all across the world as this was the beginning of the phase of industrial competition among the different industries in the market. The environment of management control systems was introduced in the companies as they started to face changes in size, structure, processes within the organization; complexities associated with administrative problems increased; internationalization of industrial demands began keeping in mind the geographical scope of the world.
    It is very important for a company or an industry to have a management control system in order to respond accurately and accordingly to the global demands and is also essential for the successful achievement of the company’s objective.
    By definition, a management control system has the function of gathering information and using the gathered information for evaluation of certain important organizational resources like human resources, physical resources, financial resources etc and also of the whole company against other companies in the globalized market.
    Without an effective management control system, the company may not even be aware of the strategies that they have used for achieving its goals are feasible enough or not for enabling the company to attain the pre-decided set of goals and objectives.
    The control system is the main body which responsible for carrying out the tasks of Management Control System. The control systems are responsible for keeping a check if the processes are going as planned or not and if there is any presence of errors or deviations in the process. in case of any discrepancies, the control system also suggests some remedies to resolve the deviations and the errors.

    LanguageEnglish
    PublisherIntroBooks
    Release dateDec 19, 2018
    ISBN9780463170724
    Unavailable
    Management Control System

    Read more from Intro Books

    Related to Management Control System

    Related ebooks

    Management For You

    View More
    View More

    Related podcast episodes

    Related articles

    • Article

      Why Invest In Strategic Foresight?

      Feb 11, 2022

      Why Invest In Strategic Foresight?
      4 min read

    • Article

      Boards Must Up Strategy Play

      Jan 7, 2019

      Boards Must Up Strategy Play
      4 min read

    • Article

      The 3 Myths Of Employee Autonomy

      Dec 3, 2019

      The 3 Myths Of Employee Autonomy
      6 min read

    • Article

      Key Considerations For Organisations Looking To Transform Customer Experience

      Jul 7, 2019

      Businesses can’t simply decide to transform one day, then jump straight changing for change’s sake. It’s essential to plan the transformation carefully and understand the barriers and opportunities that could arise. Equally, some research suggests bu

      2 min read

    • Article

      A Focus on ESG

      Oct 19, 2021

      A Focus on ESG
      2 min read

    • Article

      Tell Them How They’re Doing!

      Mar 26, 2021

      The expectation that high performance brings with it high reward is deeply embedded in the human psyche. Yet how do you evaluate the performance of a job as complex as management and reward the manager accordingly? ‘Performance management’, as it’s c

      2 min read

    • Article

      Why Legislation Alone Will Not Fix Pay Equity

      Oct 22, 2019

      PAY EQUITY is a significant focus for many organisations around New Zealand. There has been extensive coverage in the media, recent government settlements and there are legislative changes on the horizon. Like many challenging problems, pay equity ha

      2 min read

    • Article

      More Than The Numbers

      Jun 24, 2018

      More Than The Numbers
      5 min read

    • Article

      Choosing The Best Fit

      Aug 7, 2020

      all investments have an impact – either positive or negative. A positive impact can be generated deliberately or unintentionally. Selecting the right metrics is an important tenet of the impact measurement and management process. But simply measuring

      2 min read

    • Article

      Unlocking Employee Potential: A FRAMEWORK FOR SUCCESS

      May 1, 2021

      FOSTERING THE WELL-BEING and resiliency of employees has long been an important element of the best business models. Now, in part due to the devastating effects of the COVID-19 pandemic, it has become even more of a necessity. Encouragingly, business

      7 min read

    • Article

      Harnessing The Power Of Disruption

      Jan 1, 2019

      IN THE FACE OF INDUSTRY DISRUPTION, business leaders often present themselves with a false choice: Should they cling to the stability of their legacy business and risk missing new opportunities? Or should they abandon the legacy model in a proactive

      5 min read

    Reviews for Management Control System

    0 ratings

    0 ratings0 reviews

    What did you think?

    Tap to rate

    Review must be at least 10 words