L4 Phases Characteristics Of Mcs
This document was uploaded by user and they confirmed that they have the permission to share it. If you are author or own the copyright of this book, please report to us by using this DMCA report form. Report DMCA
Overview
Download & View L4 Phases Characteristics Of Mcs as PDF for free.
More details
- Words: 269
- Pages: 7
Management Control System – Phases, Issues, Characteristics
10/17/08
VIM Pune; [email protected]
1
Management Control System- Phases Annual Planning
Strategic Planning Strategie s
Revisions
Evaluatio n
10/17/08
VIM Pune; [email protected]
Execution
2
Management Control System - Issues 1. Exercised by middle management. 2. Aims at achieving the Goal/Desired Result. 3. Emphasizes the Goal Congruence. 4. Regular and continuous process. 5. Usually built around the financial structure of Organization and covers all functional areas. 6. Involves less uncertainty. 7. Time span is one year, except in case of discretionary expenses. 8. Concerned with internal environment only. 9. Organizational behavioral plays important role. 10/17/08
VIM Pune; [email protected]
3
Characteristics of Good/Effective MCS 1. Adherence to objective.
9. Efficient – Expeditious.
2. Objective assessment.
10. Control the Exception.
4. Future Focused.
11. Continuous Review.
3. Flexible.
12. Easy to understand to user
5. Cost effective.
13. Tide up with Responsibility center 14. Suggestive of corrective action.
6. Based on Standards. 7. Timely and proper reporting. 8. Based on Strategic Factors.
10/17/08
15. In tune with organizational characteristics
VIM Pune; [email protected]
4
Where MCS, Usually, Fails ? 1. In a new area of operation. 2. Lack of participation. 3. No feed back to lower level. 4. Old MCS is replaced by new one (acquaintance cost and high maintenance cost)
5. Relative satisfaction of people in what they achieve. 6. Low self esteem. 10/17/08
VIM Pune; [email protected]
5
How one can avoid the MCS ? - 1. Eliminate the Activity . - 2. Atomization . - 3. Centralization . - 4. Risk Sharing
10/17/08
VIM Pune; [email protected]
6
Thank you
10/17/08
VIM Pune; [email protected]
7
10/17/08
VIM Pune; [email protected]
1
Management Control System- Phases Annual Planning
Strategic Planning Strategie s
Revisions
Evaluatio n
10/17/08
VIM Pune; [email protected]
Execution
2
Management Control System - Issues 1. Exercised by middle management. 2. Aims at achieving the Goal/Desired Result. 3. Emphasizes the Goal Congruence. 4. Regular and continuous process. 5. Usually built around the financial structure of Organization and covers all functional areas. 6. Involves less uncertainty. 7. Time span is one year, except in case of discretionary expenses. 8. Concerned with internal environment only. 9. Organizational behavioral plays important role. 10/17/08
VIM Pune; [email protected]
3
Characteristics of Good/Effective MCS 1. Adherence to objective.
9. Efficient – Expeditious.
2. Objective assessment.
10. Control the Exception.
4. Future Focused.
11. Continuous Review.
3. Flexible.
12. Easy to understand to user
5. Cost effective.
13. Tide up with Responsibility center 14. Suggestive of corrective action.
6. Based on Standards. 7. Timely and proper reporting. 8. Based on Strategic Factors.
10/17/08
15. In tune with organizational characteristics
VIM Pune; [email protected]
4
Where MCS, Usually, Fails ? 1. In a new area of operation. 2. Lack of participation. 3. No feed back to lower level. 4. Old MCS is replaced by new one (acquaintance cost and high maintenance cost)
5. Relative satisfaction of people in what they achieve. 6. Low self esteem. 10/17/08
VIM Pune; [email protected]
5
How one can avoid the MCS ? - 1. Eliminate the Activity . - 2. Atomization . - 3. Centralization . - 4. Risk Sharing
10/17/08
VIM Pune; [email protected]
6
Thank you
10/17/08
VIM Pune; [email protected]
7
Related Documents
L4 Phases Characteristics Of Mcs
November 2019 13
L4
June 2020 10
L4
November 2019 32
Mcs
June 2020 14
L4
June 2020 16