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    The Nature of Management Control System

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    Management control systems have three main objectives: 1) To coordinate the parts of an organization and steer them toward achieving overall goals and objectives. 2) To assist management in implementing an organization's strategies. 3) To ensure resources are obtained and used effectively and efficiently to accomplish organizational goals. A management control system involves planning, implementing, and evaluating results to influence organizational members to achieve strategies. It includes elements like detectors to identify variances, assessors to evaluate performance, effectors to initiate corrective actions, and communication networks.

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    The Nature of Management Control System

    Uploaded by

    nikksshah
    8 views13 pages
    Management control systems have three main objectives: 1) To coordinate the parts of an organization and steer them toward achieving overall goals and objectives. 2) To assist management in implementing an organization's strategies. 3) To ensure resources are obtained and used effectively and efficiently to accomplish organizational goals. A management control system involves planning, implementing, and evaluating results to influence organizational members to achieve strategies. It includes elements like detectors to identify variances, assessors to evaluate performance, effectors to initiate corrective actions, and communication networks.

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    Management control systems have three main objectives: 1) To coordinate the parts of an organization and steer them toward achieving overall goals and objectives. 2) To assist management in implementing an organization's strategies. 3) To ensure resources are obtained and used effectively and efficiently to accomplish organizational goals. A management control system involves planning, implementing, and evaluating results to influence organizational members to achieve strategies. It includes elements like detectors to identify variances, assessors to evaluate performance, effectors to initiate corrective actions, and communication networks.

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    8 views13 pages

    The Nature of Management Control System

    Uploaded by

    nikksshah
    Management control systems have three main objectives: 1) To coordinate the parts of an organization and steer them toward achieving overall goals and objectives. 2) To assist management in implementing an organization's strategies. 3) To ensure resources are obtained and used effectively and efficiently to accomplish organizational goals. A management control system involves planning, implementing, and evaluating results to influence organizational members to achieve strategies. It includes elements like detectors to identify variances, assessors to evaluate performance, effectors to initiate corrective actions, and communication networks.

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    Management Control System The Nature of Management Control System

    Objectives
    Acquaint future managers with control systems in profit making as well as not for profit making organization. To gain knowledge, insight and analytical skills related to how a firms managers go about designing, and using planning and control systems to implement a firms strategies

    Objectives
    To assist management in the coordination of the parts of an organization and the steering of those parts towards the achievement of its overall purposes, goals and objectives. A control system is designed to bring unity out of diverse activities of an organization as it seeks to fulfill its overall purpose.

    Introduction
    Planning & Controlling the business Organization practicing decentralization Angels of Business strategy

    Basic Concepts
    MANAGEMENT
    Organisation is a group of two or more people.

    Organisation consists of hierarchy of managers with the CEO at the top. Each Manager is superior and a subordinate.

    Basic Concepts
    CONTROL Control is a process of planning, implementing and evaluating the results.
    Control may be formal or informal.

    Basic Concepts
    Formality in the system refers to the extent to which the behavior is segregated from the ongoing activities and is made explicit.
    Informality refers to the relaxation of sharp differentiation and explicit description of behavior

    Basic Concepts
    Control consists of the following elements:
    A Detector An Assessor An Effector A Communications Network

    Basic Concepts
    SYSTEMS A system is a prescribed way of carrying out an activity or set of activities; usually the activities are repeated. A system is more or less rhythmic, recurring, coordinated series of steps that are intended to accomplish a specified purpose.

    Basic Concepts
    MANAGEMENT CONTROL Management Control is the process by which managers influence other members of the Organisation to implement the organizations strategies. It involves Planning, Coordinating, communicating, Evaluating, Deciding & Influencing the people

    MANAGEMENT CONTROL SYSTEM


    According to Prof. John Dearden :
    MCS is the process by which managers assure that resources are obtained and used effectively and efficiently in the accomplishment of the organization goals.

    Scope of MCS
    The organization has three types of systems: 1. Strategy Formulation 2. Management Control 3. Task Control

    Thank You

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