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Nature Concept and Scope of Management Control System
Nature Concept and Scope of Management Control System
AND SCOPE OF
MANAGEMENT
CONTROL SYSTEM
NAME: SAHINA SETHI
ROLL NO: 24
REFRENCES
STUDY/REFRENCE MATERIAL FOR
PGDBM : MANAGEMENT PRINCIPLES
AND TECHNIQUES [PG: 409-424]
ESSENTIALS OF MANAGEMENT
HAROLD KOONTZ AND HEINZ WEIHRICH
[PG: 345-357]
www.vhcn.com/rpi/mcs.htm
WWW.CPAJOURNAL.COM
WWW.CONSOCIATES.COM
WWW.ERPWEB.COM
WWW.REPOSITORY.UPENN.EDU
CONTENTS
MEANING OF CONTROL
AIM
DEFINITIONS
MANAGEMENT CONTROL SYSTEM
KEY PRINCIPLES
NATURE
OBJECTIVES
PROCESS
BLOCK DIAGRAM OF CONTOL PROCESS
CORPORATE EXAMPLE
ESSENTIALS
SCOPE
WHAT IS MEANING OF
“CONTROL” ???
CONTROL IS TO GUIDE
POWER
AUTHORITY TO DIRECT
MOTIVATION
MEASUREMENT OF
ACHIEVEMENT
NATURE OF MANAGEMENT
CONTROL SYSTEM
1. IMPORTANT MANAGEMENT
FUNCTION
2. CONTINUOUS PROCESS
3. MECHANISM
4. DYNAMIC PROCESS
5. FORWARD LOOKING
6. ACTION ORIENTED
7. CO-ORDINATE INTEGRATED
SYSTEM
OBJECTIVES OF MANAGEMENT
CONTROL SYSTEM
1. FINDING OUT WHY A CERTAIN
THING IS HAPPENING
2. COMPARISIONS
3. INCREASE THE EFFICIENCY
4. DECIDE CORRECTIVE ACTIONS
5. CO-ORDINATION
PROCESS OF MANAGEMENT
CONTROL SYSTEM
1. FIXING STANDARDS
2. MEASUREMENT OF PERFORMANCE
3. COMPARISON
4. CORRECTION OF DEVIATION
THE CONTROL PROCESS
MEASUREMENT
DESIRED ACTUAL OF
PERFORMANCE COMPARISON
PERFORMANCE ACTUAL
PERFORMANCE