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management control systems introduction 1

management control systems introduction 1

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Categories:Types, School Work
Published by: PUTTU GURU PRASAD SENGUNTHA MUDALIAR on Aug 29, 2008
Copyright:Attribution Non-commercial

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07/07/2013

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THE MANAGEMENTTHE MANAGEMENTCONTROL SYSTEMS (CONTROL SYSTEMS (
MCS MCS 
))
P. GURU PRASADP. GURU PRASADFACULTY MEMBER FORFACULTY MEMBER FORFINANCE AND ACCOUNTSFINANCE AND ACCOUNTS
 
 
THE MANAGEMENT CONTROLTHE MANAGEMENT CONTROLSYSTEMS (SYSTEMS (
MCS MCS 
))
In the management parlance , controltraditionally refers to the activities of establishing standards of performance,evaluating actual performance againstthese standards, and implementingcorrective actions to accomplishorganizational objectives
 
 
The nature of MCSThe nature of MCS
The central focus of MCS is BusinessStrategy Implementation.MCS provides knowledge , insight, andanalytical skills related to how acorporation’s senior executive design andimplement the on going managementsystems that are used to plan and controlthe firms performance

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