What are Management Control Systems?

Management control systems are often described as methods of collecting information which are used to guide and direct the behavior of employees and management in order to achieve a company's goals.

Mumbai, India (prHWY.com) August 8, 2012 - Management control systems are often described as methods of collecting information which are used to guide and direct the behavior of employees and management in order to achieve a company's goals. A management control systemuses a range of techniques to evaluate areas to improve efficiency and productivity. Some areas addressed by management control systems may include accounting methods, employee incentive programs and performance measurement.

Management Control Systems may benefit the top management of an organization by enabling them to take correct decisions. Directors often are responsible for coordinating activities with human resources to create employee incentives and to hire upper-level managers. Under a management control system, directors can better analyze production progress, provide appropriate job assignments and more effectively communicate with all company employees.

Performance Measurement is an important component of management control systems. Directors and upper-level managers generally aim to provide fair and effective employee feedback. Control systems help the reviewers develop performance evaluations that provide useful and encouraging employee insight and accurate productivity analysis. Complete and accurate performance evaluations may be one of the most important methods of determining an employee's strengths, developmental areas and retaining the most skillful and efficient talent.

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Tag Words: management

Categories: Business

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