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Opportunities and Challenges Facing the Development of the Management Control Systems Package

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  • Antoaneta Angelova

    (University of National and World Economy, Sofia, Bulgaria)

Abstract

This article presents the opportunities and challenges facing the development of the management control systems package. There is an analytical review of the scientific literature. This review includes the nature and characteristics of management control systems and these systems package, their place and their role in the organization. The analytical review comprises index publications in global databases such as ACM Digital Library, Elsevier, Scopus and Google Scholar. The toolkit covers induction and deduction methods, including analysis, synthesis and summaries. The results of the review of the management control systems concepts give grounds for concluding that these systems need modernizing by integrating additional elements into their composition. The following are the main directions of modernization and expansion: the monitoring of various psychological aspects of the employee, the construction of permanent communication channels and the development of a methodology for managing management control systems package.

Suggested Citation

  • Antoaneta Angelova, 2022. "Opportunities and Challenges Facing the Development of the Management Control Systems Package," Nauchni trudove, University of National and World Economy, Sofia, Bulgaria, issue 5, pages 217-229, December.
    • Handle: RePEc:nwe:natrud:y:2022:i:5:p:217-229
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    File URL: https://unwe-research-papers.org/bg/journalissues/article/10568
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    More about this item

    Keywords

    management control systems; control; management control; management control systems package;
    All these keywords.

    JEL classification:

    • M10 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - General
    • M19 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Other

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