√ Definition of Management Control System, Characteristics & Factors
Definition of Management Control System, Characteristics & Factors – In this discussion we will explain about the management control system. Which includes the understanding of management control systems, characteristics of management control systems and factors affecting the management control system with complete and easy discussion understandable. For more details, please see the review below carefully.
Definition of Management Control System, Characteristics & Factors
Let's discuss the meaning first carefully.
Definition of Management Control System
The management control system is a tool among other tools as the implementation of a strategy whose function is to motivate organizational members to achieve organizational goals. A system requires control, its function so that the system can run according to its purpose. There are many ways that can be done to control a system, one of which is a management control system that is implemented in management.
The management control system has reference to the design, installation and operation of the management plan as well as the control system. In management control system terms, there are pressures in two dissimilar, but interrelated and sometimes indistinguishable subdivisions.
Characteristics of Management Control Systems
A management control system is made in an organization, for that it must meet the following characteristics:
- The management control system is required to align with the strategy and goals of the organization
- The management control system must be made according to the organizational structure and responsible for the decision making of individual managers
- The management control system must be effective which motivates a manager and employees to strive to the direction of achieving organizational goals by means of various awards related to the achievement of goals the.
Factors Influencing Management Control Systems
In the management control system there are factors that influence its implementation. Below are several factors that influence the design of management control systems, including:
Enterprise Size And Deployment
The size and spread of large companies will certainly be different than that of small companies. This will determine the content and nature of the control system in each organization.
Organizational Structure, Delegation and Decentralization
The articles of association and conventions govern the structure and extent of decentralization and delegation in each company. For example, the management philosophy of the State Bank of India is definitely different from that of the State Trading Corporation.
And also within a company, the degree of decentralization and delegation changes from one point in time to another in meeting the changing environmental challenges and opportunities that will present themselves. This entire control system becomes the influence management practiced in the organization.
The nature and division of operations
The nature and division of brand operations must influence the management control system. As in the oil industry, for example, sub-units are not made on a product basis. In many large trading companies, divisions may be created on a product basis.
Types of Responsibility Centers
Dissimilar control systems are required for different responsibility centers or sub-systems within an organization. Whether the performance of a responsibility center should be measured in terms of cost or profit or return on investment depends on the type of responsibility center.
For example the Bank may implement different performance measures to measure the performance of different branches. There are transactional differences between branches, some heavy or heavy advance deposits, some with or without deposit phase facilities or foreign exchange transactions.
Therefore, it is not possible to have profit as the sole criterion in evaluating the performance of all branches. Therefore control systems with different criteria of performance should be used for different sub-units.
People and Their Perceptions
The perceptions of people in organizations regarding the small impact of work control systems on their lives, job satisfaction, job security, promotions and general well-being can differ across organizations. This consideration will significantly influence the nature and side of the control system management requirements in the organization and should be considered when designing control systems management.
Thus has been explained about Definition of Management Control System, Characteristics & Factors, hopefully can add to your insight and knowledge. Thank you for visiting and don't forget to read other articles.
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