Management Control Systems

2018 ◽  
pp. 50-77
Keyword(s):  
Decision Making ◽  
Control System ◽  
Theoretical Approach ◽  
Management Control ◽  
Managerial Decision ◽  
Exogenous Variables ◽  
Management Control System ◽  
Managerial Decision Making ◽  
Conventional View ◽  
The Past

This chapter is focused on a fundamental theoretical approach to management control system research, the contingency theory. Reviewing the most prominent research works over the past 30 years, the main insights on the relationships between contingency factors and the appropriate design of MCS are illustrated and discussed. In particular, this chapter assumes the conventional view that considers MCS as passive tools designed to support managerial decision-making and summarizes the effects of endogenous and exogenous variables on the design of MCS and firm's performance for the achievement of equilibrium conditions.

scholarly journals Assessment and Prioritize Risk Factors of Financial Measurement of Management Control System for Production Companies Using a Hybrid Z-SWARA and Z-WASPAS with FMEA Method: A Meta-Analysis

Mathematics ◽  
2022 ◽  
Vol 10 (2) ◽  
pp. 253
Author(s):  
Sara Rahmati ◽  
Mohammad Hossein Mahdavi ◽  
Saeid Jafarzadeh Ghoushchi ◽  
Hana Tomaskova ◽  
Gholamreza Haseli
Keyword(s):  
Risk Factors ◽  
Decision Making ◽  
Control System ◽  
Financial Management ◽  
Business Strategy ◽  
Meta Analysis ◽  
Management Control ◽  
Management Control System ◽  
Deviation Analysis ◽  
Fmea Method

The management control system in an industry is managerial, directional, hindrance, and cohesive action in order to cohere and regulate various branches and sub-branches. In fact, it is a system that supports the real state of matters in the right way. This method is intended at assuring that the purposes and activities carried out have the desired outcomes and eventually lead to the objects and purposes of the company. In this matter, the financial and non-financial management control system is essential both when it comes to strategy community; Consequently, in this paper, the management control system is classified into financial and non-financial categories because such analysis gives a chance to get a broad assessment of a management control system relationship in organizations. In this paper, we evaluate the relationship between business strategy and management control system and their influences on financial performance measurement of a manufacturer (a case study of Maral co.) with the use of Merchant’s theory. Furthermore, In this case, a decision-making strategy centered on the FMEA is used to identify and prioritize risk factors financial of the control system in companies. Nevertheless, because this strategy has some significant limitations, this research has presented a decision-making approach depending on Z-number theory. For tackle, some of the RPN score’s drawbacks, the suggested decision-making methodology combines the Z-SWARA and Z-WASPAS techniques with the FMEA method. The findings reveal that in the non-financial management control system element, customer satisfaction, and in the financial component, cost standards are at the largest level of weight. Furthermore, the strategic planning factor with a rate of 2.95 and the deviation analysis factor with a rate of 2.87 is at the lowest level, respectively. In sum, market or industry changes are the primary cause of risk in businesses, according to FMEA methodology and the opinions of three professionals.

scholarly journals Effect of Management Control System on Perceived Performance of Commercial Banks in Nepal

Pravaha ◽  
2020 ◽  
Vol 26 (1) ◽  
pp. 11-20
Author(s):  
Ballav Niroula
Keyword(s):  
Control System ◽  
Commercial Banks ◽  
Percent Level ◽  
Monitoring And Evaluation ◽  
Management Control ◽  
Employee Behavior ◽  
Managerial Decision ◽  
Management Control System ◽  
Perceived Performance ◽  
Analytical Research

Management control system is to provide information that is useful for managerial decision-making, planning, monitoring and evaluation of organizational activities to alter employee behavior. The main purpose of the study is to show the effect of MCS on perceived performance of Nepalese commercial Banks. This study followed the descriptive and inferential statistics. Descriptive and analytical research design has been used. As per the descriptive statistics most of the respondent were agreed that MCS has increased the perceived performance of commercial Banks. There exists strong correlation among the dependent and independent variables. The correlation is statistically significant at 1 percent level of significant.

scholarly journals MANAGEMENT CONTROL SYSTEM IN THE CONTEXT OF SMES

2021 ◽  
Vol 26 (3) ◽  
pp. 39-58
Author(s):  
Meryem CHEGRI ◽  
Hamza RIGALMA ◽  
Mohamed TORRA
Keyword(s):  
Decision Making ◽  
Control System ◽  
Control Systems ◽  
Management System ◽  
Management Control ◽  
Management Control Systems ◽  
Management Control System ◽  
And Performance

Several researchers have been concerned with management control, others have analyzed the specificities of SMEs, but research relating to management control in SMEs is still scarce. Management control is one of the foundations of company management and performance, it provides the visibility necessary to coordinate, plan and judge the actions of company stakeholders. Stemming from industrial accounting, it now appears as a means of controlling the complexity of organizations and mobilizing skills. Thus, the purpose of management control systems, in particular, is to present managers with methods and tools enabling them to provide them with useful information for decision-making. The objective of this work is twofolded: – identify the specific features of SMEs which may have an influence on their management system and therefore on their management control practices; – draw up an overview of the different management control tools and practices adapted to SMEs to finally confirm that management control in SMEs exists.

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