Different management control systems (MCS) can work together, but it can be challenging to understand how these systems interact and enhance decision-making, efficiency, and overall business performance. Various frameworks exist to define MCS packages, but they often fall short in explaining why specific controls are aligned or how they ought to be. The Management control systems as a package study addresses these gaps by uncovering crucial insights that can assist leaders in designing more effective control systems.
Resources
Management control systems as a package
Apr 30, 2013 · 1 min read
Understanding the outcomes of various elements of management control systems (MCS) will help us to better focus the analysis of MCS packages.
In attempting to come up with different MCS configurations, this study explores the various MCS elements and sheds some light on the interplays and links of different controls.
The concept of management control systems operating as a package is not a new one. Over the last decades, there have been regular calls to study this phenomenon and subsequent frameworks have followed.
The existing frameworks provide insight into what constitutes an MCS package, but they do not address why particular management control elements should be expected to occur together and how they are or should be linked to each other. Thus, the MCS package idea is an unchartered area of study.
Management control systems as a package
The use and design of MCS are a fascinating topic and of high relevance for top management in guiding and directing the behaviour of their subordinates.
What did you think of this?
Every bit of feedback you provide will help us improve your experience
What did you think of this?
Every bit of feedback you provide will help us improve your experience