IDEAS home Printed from https://ideas.repec.org/a/rom/rmcimn/v24y2023i1p21-34.html
   My bibliography  Save this article

The Importance of Managerial Control Systems in the Framework of Economic Entities in Romania

Author

Listed:
  • Catalina SITNIKOV

    (Faculty of Economics and Business Administration, University of Craiova, Romania)

  • Carmen Maria MIHALCEA

    (Faculty of Economics and Business Administration, University of Craiova, Romania)

  • Sofia Mihaela ROMANESCU

    (Faculty of Economics and Business Administration, University of Craiova, Romania)

Abstract

Today's economy is characterized by a high degree of globalization and fierce competitive pressure, supported by increasing consumer demands and capital infusions from global financial markets. From unilateral globalization, which involved the outsourcing of production processes in regions with productive potential, to the current situation in which financial markets no longer know borders and the forces of the business environment compete with those of governments, it seems a long way, but one that has been traveled at a pace alert Energy and natural resources, as components of the economic infrastructure, remain key elements of progress, but technology and management techniques gain more and more emphasis. The management and control of industrial processes in the case of multinational companies contains a centralized component, carried out by means of control systems that allow, on the one hand, the monitoring of the industrial process itself as well as the way of managing resources. The main purpose of the article is to improve existing managerial control systems in multinational industrial organizations as well as to optimize the implementation process, to ensure quick results.

Suggested Citation

  • Catalina SITNIKOV & Carmen Maria MIHALCEA & Sofia Mihaela ROMANESCU, 2023. "The Importance of Managerial Control Systems in the Framework of Economic Entities in Romania," REVISTA DE MANAGEMENT COMPARAT INTERNATIONAL/REVIEW OF INTERNATIONAL COMPARATIVE MANAGEMENT, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 24(1), pages 21-34, March.
    • Handle: RePEc:rom:rmcimn:v:24:y:2023:i:1:p:21-34
    as

    Download full text from publisher

    File URL: https://www.rmci.ase.ro/no24vol1/03.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Kirdina E. G. & Fedorko I. P., 2013. "Business quality management strategies," Вісник економіки транспорту і промисловості, CyberLeninka;Украинская государственная академия железнодорожного транспорта, issue 44, pages 148-152.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Iheanachor, Nkemdilim & David-West, Yinka & Umukoro, Immanuel Ovemeso, 2021. "Business model innovation at the bottom of the pyramid – A case of mobile money agents," Journal of Business Research, Elsevier, vol. 127(C), pages 96-107.
    2. Mihael A. Jeklic, 2023. "Can you trust your lawyer's call? Legal advisers exhibit myside bias resistant to debiasing interventions," Journal of Empirical Legal Studies, John Wiley & Sons, vol. 20(2), pages 409-433, June.
    3. Rabinder Singh & Rajani Kumari Sarangal & Gurmeet Singh, 2022. "The Impact of Micro and Macro Environment on Entrepreneurial Success: Case of J&K MSMEs," FIIB Business Review, , vol. 11(1), pages 94-106, March.

    More about this item

    Keywords

    control system; management; quality; performance;
    All these keywords.

    JEL classification:

    • M12 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Personnel Management; Executives; Executive Compensation

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:rom:rmcimn:v:24:y:2023:i:1:p:21-34. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Marian Nastase (email available below). General contact details of provider: https://edirc.repec.org/data/mnasero.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.