Management control systems" Kenneth a. Merchant Wim A. Van der Stede Part A completed.

In order to properly evaluate the established management control system, it is important to organize regular reviews that can be implemented company-wide every three or six months. This type of reviews will evaluate the management control system instruments based on several key indicators: the degree to which the control system was able to discover, in due time, a potential problem in the organization; the direct cost savings that the control system was able to create; the direct financial gains that the system made and whether the management control system that has been implemented is aligned with the company's strategic objectives.

For each of the management control system instruments that have been implemented, the indicators can be customized so as to reflect the specific area of activity. For example, the financial indicators can be customized to show...
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