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Design and Implementation of a Management Control System

Author

Listed:
  • Anca Antoaneta VARZARU

    (University of Craiova Faculty of Economics and Business Administration)

Abstract

This paper tries to implement a management control system to raise the performance of a company with the objective to define and align to the entire organization toward a common strategy and sustainable for all. Information was collected from the major critical issues in order to detect the key sectors of the company where a change is needed. It was established the strategy to be followed and defined management indicators that allowed monitor and validate the implementation of the strategy through the Control Panel and strategic initiatives. Four initiatives were developed to understand the effect that has the control system in the management of the company generating positive results observed in the analysis of results. In order to maintain the strategy was necessary to develop audit reports to permanently check the system status.

Suggested Citation

  • Anca Antoaneta VARZARU, 2015. "Design and Implementation of a Management Control System," Finante - provocarile viitorului (Finance - Challenges of the Future), University of Craiova, Faculty of Economics and Business Administration, vol. 1(17), pages 195-200, December.
    • Handle: RePEc:aio:fpvfcf:v:1:y:2015:i:17:p:195-200
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    File URL: http://feaa.ucv.ro/FPV/017-022.pdf
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    Citations

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    Cited by:

    1. Iulian Georgescu & Sorin Tudor & Marian Cazacu, 2022. "Evaluating the Implementation of an Integrated IT Solution for HRM on the Organizational Efficiency and Effectiveness," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 557-561, September.
    2. Elmira Cezarina Dina & Daniela Victoria Popescu & Marian Cazacu, 2022. "The Impact of the Employees’ Perception from the Educational Institutions in the Process of Organizational Change and the Implications of the Change on the Performance of the Organization," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 537-544, September.
    3. Claudiu George Bocean & Michael Marian Nicolescu & Marian Cazacu & Simona Dumitriu, 2022. "The Role of Social Responsibility and Ethics in Employees’ Wellbeing," IJERPH, MDPI, vol. 19(14), pages 1-15, July.
    4. ROTEA, Cătălin Ștefan & PLOSCARU, Claudia Cristina, 2020. "Impact of expenditures with human and non-human resources on medical efficiency indicators," MPRA Paper 102356, University Library of Munich, Germany.
    5. Iulian Georgescu & Daniela Victoria Popescu & Simona Dumitriu, 2022. "The Impact of HR Activities on Organizational Performance," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 552-556, September.
    6. Gabriel Ioan AVRAMESCU, 2020. "Factors Contributing To Poor Hr Performance In Fiscal Administration," Management and Marketing Journal, University of Craiova, Faculty of Economics and Business Administration, vol. 0(2), pages 193-204, November.
    7. Elena Cristina Cernatescu & Andra-Nicoleta Ploscaru & Simona Dumitriu, 2021. "Employees' Perceptions Concerning the Influences of Training and Personal Development Programs on Performance, Productivity, and Profit," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 623-628, December.

    More about this item

    Keywords

    management control system; strategy; control panel; indicators;
    All these keywords.

    JEL classification:

    • M40 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - General
    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting

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