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Management Control Systems - Essay Example

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The aim of this essay is to know the way management control systems (MCS) can be used as packages in a company. We will start by defining management control systems and their usage as packages. Further, we will discuss some of the key challenges and difficulties that companies face while using management control systems as packages. …
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Management Control Systems
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Download file to see previous pages Management control systems refer to the ways a company collects information to manage and control the activities regarding accomplishment of organizational goals and objectives in an effective manner. It is a fact that without proper management, no goal can be achieved in a timely manner as various difficulties can arise in this process which need a proper resolution. A management control system helps management and employees perform their assigned activities in a proper manner using the information stored in it. Management control systems refer to the way a company collects information to use it to accomplish organizational goals and objectives in an effective manner. A management control system helps employees and management in performing their assigned activities in a proper manner using the information and guidelines stored in the system. Management control systems deal with every system of a company, which may include accounting methods, employee benefit programs, performance appraisal, and performance improvement systems. However, companies need to use management control systems as packages to make the most efficient use of these systems. ...
s, activities, tasks, goals and objectives, and guidelines regarding every particular department and business process which managers and employees can use to perform their respective activities. For example, when the top management of a company has to hire new employees for any particular department of the company, they refer to the guidelines stored in the management control system which help them perform candidates’ selection and evaluation in a defined manner. It also helps managers assign relevant tasks and duties to new employees. Moreover, they assist top management in performing performance and productivity analyses, as well as in developing employee benefit programs. Today, the business world is changing rapidly because of the changes in technology, nature of competition, and consumer behaviors. Companies need to change their management control systems accordingly to benefit from the ongoing changes instead of leaving behind in the race of competition. Companies need to demonstrate their knowledge regarding change to react positively to the changes in the external environment to maintain the key performance indicators, as well as the levels of productivity and profitability. Managers of companies need to link operational control and strategic planning by using the guidelines of management control systems. As Asel (2009, p. 4) states, “the focus of MCS is not only on one form of control like performance measures but on multiple control systems working together. They can use management control systems to direct all administrative matters, as well as to manage the issues of employees. 3. Management Control Systems as Packages As Sandelin (2008, p. 324) states, “the functionality of a control package depends on internal consistency, specifically on the ...Download file to see next pagesRead More
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