Management Control Systems
Description
Management Control Systems examines the frameworks and processes used to ensure organizational objectives are achieved efficiently and effectively. The course covers management control techniques such as budgeting, performance measurement, responsibility accounting, and transfer pricing mechanisms. Students gain insights into strategic planning, operational control, resource allocation, and incentive systems. Mastering management control systems enables individuals to design and implement robust monitoring and evaluation practices, align organizational behavior with strategic goals, and drive continuous improvement initiatives, ultimately enhancing overall performance and competitiveness.
