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Management Control and Uncertainty

In: Management Control and Uncertainty

Author

Listed:
  • David Otley
  • Kim Soin

Abstract

Management control is about the process of steering organizations through the environments in which they ope rate, to achieve both short- term and longer-term goals. These goals will differ from organization to organization because their stakeholders are different and the compromises between different stakeholder demands will be resolved in different ways, in part dependent on the relative power of different stakeholder groups in each context, and also on the past history and trajectory of the organization. However, the longer-term goals will almost inevitably include the survival of the enterprise itself, as this generally is in the interests of most stakeholder groups, most of the time.

Suggested Citation

  • David Otley & Kim Soin, 2014. "Management Control and Uncertainty," Palgrave Macmillan Books, in: David Otley & Kim Soin (ed.), Management Control and Uncertainty, chapter 1, pages 1-13, Palgrave Macmillan.
  • Handle: RePEc:pal:palchp:978-1-137-39212-1_1
    DOI: 10.1057/9781137392121_1
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    Citations

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    Cited by:

    1. Elmassri, Moataz Moamen & Harris, Elaine Pamela & Carter, David Bernard, 2016. "Accounting for strategic investment decision-making under extreme uncertainty," The British Accounting Review, Elsevier, vol. 48(2), pages 151-168.
    2. Andreas Stoller, 2022. "The Anchoring Effect In The Context Of Strategic Investment Decision Making," Economy & Business Journal, International Scientific Publications, Bulgaria, vol. 16(1), pages 210-220.
    3. Ana Filipa M. Roque & Maria-Céu G. Alves & Mário Raposo, 2020. "Management control in born-global firms: a case study," Estudios Gerenciales, Universidad Icesi, vol. 36(154), pages 3-14, March.
    4. M. Chuvashlova & V. Nikolaev, 2018. "Efficiency of Managerial Control Systems: The Optimal Model," European Research Studies Journal, European Research Studies Journal, vol. 0(3), pages 675-689.
    5. M. Chuvashlova & V. Nikolaev, 2018. "Efficiency of Managerial Control Systems: The Optimal Model," European Research Studies Journal, European Research Studies Journal, vol. 0(3), pages 675-689.
    6. Rob Kim Marjerison & Jong Min Kim, 2022. "MSE Response during Times of Crisis: The Roles of Budgeting Micro Functions and Guanxi," Sustainability, MDPI, vol. 14(17), pages 1-19, September.
    7. Chiara Mio & Antonio Costantini & Silvia Panfilo & Sonia Baggio, 2020. "CSR and management control integration. Evidence from an employee welfare plan implementation," MANAGEMENT CONTROL, FrancoAngeli Editore, vol. 2020(Suppl. 1), pages 151-175.
    8. Warren, Liz & Jack, Lisa, 2018. "The capital budgeting process and the energy trilemma - A strategic conduct analysis," The British Accounting Review, Elsevier, vol. 50(5), pages 481-496.

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