Design and Implementation of a Management Control System

Design and Implementation of a Management Control System

This paper tries to implement a management control system to raise the performance of a company with the objective to define and align to the entire organization toward a common strategy and sustainable for all. Information was collected from the major critical issues in order to detect the key sect...

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Bibliographic Details
Main Author: Anca Antoaneta VĂRZARU
Format: Article
Language:English
Published: Universitaria Publishing House 2015-09-01
Series:Finanţe: Provocările viitorului
Subjects:
management control system
strategy
control panel
indicators. JEL Classification: M40
M41 1. Introduction The management control system is a tool that allows organizations to have a visible picture of what's happening in the company. It is essential to reorganize the goals and determine a clear view of where the company wants to continue. In order to be able to design and implement a management control system you need to know the current status of the company
its critical problems and to identify areas in which there is greater need for change. In addition needs to be measured numerically all the objectives by means of indicators of control and assign a team leader responsible for the attainment of each objective. 2. Theoretical Framework A Management Control System (MCS) is a set of procedures that help the CEO take their decisions in due time
planning and controlling the activities of the company. To facilitate the decision-making is fundamental control the evolution of the environment and the variables of the organization itself that can affect their own survival. The Balanced Scorecard or BSC is a flexible methodology and applicable to all types of businesses
who want to build competitive advantage
need to enhance the performance and profitability
indicators.
Online Access:http://www.financejournal.ro/fisiere/revista/135221906722_varzaru.pdf

Internet

http://www.financejournal.ro/fisiere/revista/135221906722_varzaru.pdf

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