We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Nobody downloaded yet

Management Control System - Essay Example

Comments (0) Cite this document
Summary to essay on topic "Management Control System"
Participative Budgeting is a situation in which the population is given the right to participate in the formulation of plans, determining priorities, and other administrative procedures. The population, through an open forum or meeting, will define and decide on amounts of income and expense, where and when to invest, which are the priorities and which are the plans and actions to be developed or be performed.
Download full paper
Polish This Essay
Management Control System
Read TextPreview

Extract of essay "Management Control System"

Download file "Management Control System" to see previous pages... superiors and subordinates) works together towards a goal. To work together requires every member of the organization to have a direct participation in every plans and actions that will be taken by the organization. Giving each member the right to speak out and express their views towards existing situations will eliminate the gap between superiors and subordinates,
Let us write or edit the essay on your topic "Management Control System" with a personal 20% discount.. Try it now
and will unite the two separate levels. It gives subordinates a feeling of satisfaction on their job by giving them a chance to play vital roles in administrative planning, thereby motivating them to be more productive on their work. Participative budgeting promotes respect to every member of an organization, thereby tightening working relations in the organization that is a key factor of an organization effort to attain their goals and objectives.
Budget Allocation is not an easy task. A reliable budget proposal comes out from proper analysis of the strategic and operational plans, which are submitted by key people of an organization. These plans are based on the current situation and need of every level of the organization. If each member is given the chance to decide on the expense and income of the organization, it is much easier to formulate more reliable budget plans. The procedure may take time conducting open forums or debates, but it will surely lead to a well-synthesized budget plan. Operational plans will become effective by emphasizing priorities.
Corruption is the biggest problem among organization. Through participative budgeting, there will be a clear statement of the allocation of resources, expenses, and transparent administrative procedures of how the plans are formed. Those who are in-charge of budget monitoring will be more accountable of their action to avoid mishandling of funds.
Goal Congruence and Responsible Management
Managers and members of an organization become more responsible for their departments as watchers of action plans, and budget analysts. Subordinate managers who are in direct control of everyday operation and who have direct knowledge of the every situation could enhance the planning process. By giving the subordinate managers to create their own budget, it opens the chance to subordinate managers to create a budget that would meet their department's goal resulting to higher degree of goal congruence.
Complexity in the budget could be minimized when every member of the organization work together to provide alternative solutions to problems.

2. Identify deficiencies in Scott Weidner's participative budgetary policy for planning and performance evaluation purposes. For each deficiency identified, recommend how the deficiency can be corrected.
1. Appropriation of target figure is done by superiors. Managers are not allowed to participate in setting the appropriation target figure.
Managers should be given the chance to participate in setting up the appropriation target. Managers are the one who knows the actual needs of their department, so they should be given the right to propose or give input for the setting up of the appropriation ...Download file "Management Control System" to see next pagesRead More
Cite this document "Management Control System"
  • APA
  • MLA
(“Management Control System Essay Example | Topics and Well Written Essays - 1000 words”, n.d.)
Management Control System Essay Example | Topics and Well Written Essays - 1000 words. Retrieved from https://studentshare.org/miscellaneous/1506557-management-control-system
(Management Control System Essay Example | Topics and Well Written Essays - 1000 Words)
Management Control System Essay Example | Topics and Well Written Essays - 1000 Words. https://studentshare.org/miscellaneous/1506557-management-control-system.
“Management Control System Essay Example | Topics and Well Written Essays - 1000 Words”, n.d. https://studentshare.org/miscellaneous/1506557-management-control-system.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
Design a management control system to measure the iphone's success as an established brand
The balanced scorecard (See Appendix A) breaks up the company’s strategy into four primary sections: finance, customers, processes, and employees. Within each section, an organization concentrates on various measures and specific targets to achieve identified objectives (Pearce & Robinson, 2009).
5 Pages(1250 words)Essay
Management planning and control system
Errors are unintentional mistakes committed by accounting clerks while dealing with journalising and posting activities. In contrast, fraud is a mistake committed by employees or managerial persons with intent to deceive the business owner. In a comparison, fraud seems to be a more severe issue as it is related to all organisational structures.
3 Pages(750 words)Essay
Management Control Systems
Effective management is the key to improved organizational productivity and performance. Companies use management control systems to support organizational objectives, control activities, and drive organizational performance.
8 Pages(2000 words)Essay
Management Control System at Firm
Technological advancements and globalization have changed the business environment in which the organizations operate. Management control system mainly aims to monitor the strategic progress of organizations to ensure effectiveness and efficiency in both strategy development and implementation (Yau 1).
7 Pages(1750 words)Term Paper
Management Control Systems: UCB Pharma Inflammation Business Unit Evaluation
This research will expand on personnel management utilized by UBC Pharma as a management control system. Personnel management focuses on the compensation activities and motivational rewards based on specific, functional goals and objectives. The UCB employees used for this research are the BU-Inflammatory unit sales management and medical staff.
14 Pages(3500 words)Essay
Management Accounting Control System
Former one describes the performance of one business that needs to be filed at company’s house whereas the purpose of management accounts is to coordinate the planning of one business and making decisions about key areas like stock and sales etc. Management accounts provide the necessary guidance to make timely management decisions about a business. 
8 Pages(2000 words)Essay
What is a strategic control system what role does accounting play in a strategic control system are the strategic management accounting in Caterpillar effecti
On the other hand strategic control system can be considered as a process that determines the different strategies and methods that can help the company in the maintenance of
4 Pages(1000 words)Essay
Control in Global Economy
One key area that has resulted in an untold fear is the emerging trends in management control systems. It is evident that the study curriculum changes with region, country and also as per new innovations. The business world is now an equally dynamic
4 Pages(1000 words)Essay
Impact of management of control system and leadership
This is done by collecting information that can be used to establish whether the resources of the organization are being used productively to
2 Pages(500 words)Essay
How strategy maps could be a useful management tool and system to monitor and control the performance of organisational or business units
business strategies in a way that dispels the immanent ambiguities and makes the incumbent business strategy clear to all the salient stakeholders in an organization or a business unit (Dinsmore & Rocha 2012, p. 44). Herein comes in the immense utility and importance of strategy
4 Pages(1000 words)Essay
Let us find you another Essay on topic Management Control System for FREE!
Contact us:
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us