Management Control System
Designing Management Control System (MCS)

In the contemporary world, most companies apply the use of energy to plan, manage, and execute their operations in accordance with the demands of the market and the industry. This makes energy the most vital aspect of production in business entities. Energy is crucial in running machines, recording of information, execution of communication activities, and provision of lighting within the context of the company. Since energy is essential to plan, managing, and execution of roles within the company, it is ideal for the company to decide on how to minimize consumption of energy footprint in the process of production. This is important because the company needs to cut down the overall cost of production to enhance the profit and revenue levels at the end of the financial year. This makes it critical for UTS to develop management control system with the aim of reducing…...

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References

Kitamura, S., Mori, K., Ozaki, Y., Shindo, S., & Izui, Y. (2009). A method of estimating energy saving effect and its application to factory energy supply systems. Electrical Engineering

In Japan, 168(4), 14-20. doi:10.1002/eej.20880

Ekmanis, J., Zebergs, V., & Zeltins, N. (2010). Adaption of the general policy assessment methodology for managing the energy saving process. Energetika, (1), 1-7.

Eger III, C. (2006). Integrating methods of statistical analysis to identify energy-saving opportunities. Environmental Quality Management, 15(3), 87-108.

Management Control Systems as a Catalyst of Strategic Agility and Organizational Performance
The continual evolution of Management Control Systems as a Package (MCSP) today encompasses accounting, finance, human resources, market-based data, management control and information systems, and the entire culture of an organization, yet defies a precise typology (Merchant, Van der Stede, 2006) (Malmi, Brown, 2008) or a consistent global definition (Cruz, Scapens, Major, 2011). The intent of this analysis is to evaluate the concept of how management control systems (MCS) have over time evolved into MCSPs, and what advantages can be used for relying on them to increase organizational performance. The issues and difficulties that arise from using MCSPs, their distinctive uses, and the typologies of MCSPs are discussed, along with examples of how they can be used to increase organizational performance.

The Foundational Elements of MCSPs .

The MCSP taxonomies compared in this analysis include the one created by Malmi, Brown…...

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References

Cruz, I., R. Scapens, and M Major. 2011. The localisation of a global management control system. Accounting, Organizations and Society 36, no. 7, (October 1): 412.

Ivo De Loo, Bernard Verstegen, and Dirk Swagerman. 2011. Understanding the roles of management accountants. European Business Review 23, no. 3, (May 1): 287-313.

Raef Lawson, William Stratton, and Toby Hatch. 2006. Scorecarding Goes Global. Strategic Finance 87, no. 9, (March 1): 34-41.

Malmi, T., & Brown, D.A. (2008) Management control systems as a package -- Opportunities, challenges and research directions. Management Accounting Research, 19 (4), 287-300.

Johanna Hyvonen (2008) reiterates that management accounting systems operate as a link between strategy and performance. he also notes that organic, flexible performance systems are more effective in terms of product differentiation. There is also a positive relationship between customer accounting and market orientation. The premise of Hyvonen's study is that different management accounting systems are required for different types of companies in order to create the best management effect. This indicates that the strategy and management accounting system should operate on the basis of an organic and flexible relationship. In other words, strategy and planning should dictate the accounting measures implemented, while the results of management accounting should also indicate the necessary changes to the planning strategy.

In today's business world, it is recognized that no single system or strategy is universally applicable. Human resources are the lifeblood of a company. This should be taken into account during the management…...

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Sources

Accel-Team. 2009. Management Planning and Control Systems. Accel Team Development. http://www.accel-team.com/control_systems/index.html

Hyvonen, Johanna. 2008. Linking Management account and control systems, strategy, information technology, manufacturing technology and organizational performance of the firm in contingency framework. University of Oulu, Feb 8.  http://herkules.oulu.fi/isbn9789514287091/isbn9789514287091.pdf

A broader empirical analysis of the levers of control framework reveals that the differences in the efficacy and appropriateness of this approach depend on whether or not the system of control and measurement is engaged with primarily as a diagnostic device, or more as an interactive system (Widener 2005). As noted above, interaction is a key element of the framework -- arguably the most important element, as the others are entirely useless without proper and adequate interaction between all elements of the organization and the managerial control system (Simons 1995). At the same time, when interactive procedures consume managerial attention, the firm suffers; it is the balance between interactive attention and diagnostic control that makes Simons' framework effective (Widener 2005). This is precisely the balance that is missing from Wincor Nixdorf.

Case Description and Analysis

In the case of Wincor Nixdorf, however, the imbalance is tilted towards the opposite direction. Managerial attention…...

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References

Abas. (1999). "Management Control Systems in an Industry in Early Evolution in a Developing Country: A Longitudinal Case Study." Miami university of Ohio. Accessed 5 February 2010. http://www.sba.muohio.edu/abas/1999/WMK2-abas99.pdf

Asel, J. (2009). "Risk Management and Management Control - The impact of the financial crisis on the use of Management Control Systems." 18th EDAMBA summer academy. Accessed 5 February 2010.  http://www.edamba.eu/userfiles/file/Asel%20Johannes_%20updated.pdf 

Simons, R. 1995. Control in an age of empowerment. Harvard Business Review (March/April), pp. 80-8.

Tuomela, T. (2005). "The interplay of different levers of control: A case study of introducing a new performance measurement system." Management accounting research 16(3), pp. 293-320.

Given the competition in the field, the manufacturing divisions must create competitive advantage in order to develop and maintain a significant customer base. In order to reach such a status, manufacturing divisions must meet a series of requirements of OEM customers.

This means that manufacturing divisions must provide high quality products and services, the prices must be established in accordance with the products' quality, with customers' possibilities, and with the prices practiced by the company's competitors.

The manufacturing divisions are organized as profit centers, which means they are allowed to develop and implemented their own customer and sales strategy, with the condition of aligning these strategies with the general strategy of the company. It is more profitable for them to address the needs of OEM customers sometimes in the detriment of AM Manufacturing.

It is the top management's decision to not allow AM Marketing to sell other companies' products. Therefore, if the top…...

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Reference list:

1. Neighbour, J. (2010). Transfer Pricing: Keeping It at Arm's Length. OECD Observer. Retrieved September 21, 2010 from  http://www.oecdobserver.org/news/fullstory.php/aid/670/Transfer_pricing:_Keeping_it_at_arms_length.html .

Management Control
The objectives in the organization are the following: customer/supplier satisfaction, market share, customer satisfaction, supplier satisfaction, employees well being. All of these factors are involved in optimum management control and all orbit around communication which is 95% of key for success particularly since we promise delievery of our services in a timely and prompt manner. The organization, in question, prizes communication, therefore optimum communication is important and can be achieved in the following manner

Geographically close project teams - That information will be passed as rapidly as possible between the different sectors e.g. that there will be good colleague-to-colleague relation and good relaxation with customers/suppliers. Communicaiton is prized in our company

Using the right tool for the job -- technical competence for one's respective field is important. This aids communication

Accurately managed resources - possessing accurate or current information about resources and what other team members are working on

4. Not wasting…...

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References

Brandl, J., & Guttl, W.H. " Organizational antecedents of pay-for-performance systems in nonprofit organizations." International Society for Third-Sector Research 1, (2007): 176-199.

Chaudron, D. Assessing and Improving your Organization, Organized Change Consultancy, Retrieved on 1/12/2011 from:  http://www.organizedchange.com/assess.htm 

Nisbett, R. (2003) The geography of thought: how culture colors the way the mind works. Ann Arbor, Mich.

Pearce, J.A., & Robinson, R.B., (2011). Strategic Management. Formulation, Implementation, and Control (12th ed.). New York: McGraw - Hill Companies

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 the…...

Hasbro Interactive. Please focus, emphasizing Management Control Systems: o Identify corporate / business unit strategy. o Identify current management control system. o Evaluate control system effectively supporting company's business unit's strategy.
Management control systems: Hasbro Interactive

Management control systems: Hasbro Interactive

Hasbro Interactive's strategy

Hasbro Interactive was a unit of one of the largest toy companies in the world, the Hasbro Corporation. Hasbro manufactures entertainment and educational games for children. The company has been producing toys such as Play-Dough, GI Joe, and Mr. Potato Head for many generations. It is striving to capture the imaginations of children and their parents today by expanding its technological and marketing outreach to suit the needs of contemporary children, while still holding true to its founder's intention.

The Hasbro Corporation deploys an intensely people-focused strategy in its use of managerial controls. As a creative company where new ideas and talent are a vital part of its enterprise, Hasbro…...

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References

Hasbro Interactive. (2011). Absolute Astronomy. Retrieved February 3, 2011 at  http://www.absoluteastronomy.com/topics/Hasbro_Interactive 

Talent management. (2011). Hasbro. Retrieved February 3, 2011 at  http://www.hasbro.com/corporate/corporate-social-responsibility/hasbros-socially-responsible-workplace-talent.cfm

Management Control Systems Vary According to Organizational Size
All organizations go through different life cycle stages: even the largest multinational was once a relatively small entity, usually-based domestically, with a relatively narrow range of customers. This variation in terms of organizational size and scope of mission generates the need for different types of management control systems. "Service control systems might need to change throughout the life cycle to fit in with changes in the competitive environment, business mission and generic strategy. Failure to account for the stages of the life cycle in budgetary policies has been found to result in inefficiencies of resource allocation" (Auzai 201056). For example, a small entity might find that relatively inexpensive marketing efforts are necessary in relation to its other, more immediately pressing financial needs. Word-of-mouth advertising and general, low-cost methods of promotion such as free social media content might be sufficient -- in fact,…...

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Bibliography

Auzai, S. (2010). Organisational life cycle stages and management control systems in service organisations. International Journal of Business and Management, 5 (11): 56-65. Available at:   [1 Feb 2015]http://www.ccsenet.org/journal/index.php/ijbm/article/view/8052/6081 

Grill Kabob Marketing Plan Management
Controls

In order to attain the set goals for business, controls in the pertinent areas aiming at monitoring the performance of business is necessary (Smolianov & Aiyeku, 2009). The controls will look into the actual result against the target annual sales, profits and capital growth. The employees service value to the customer will be assessed against customer number inflows and the value customer have on them. The range of products produced and sold in the restaurant will be assessed for its marginal contribution to offsetting the running expenses and profits earned by the business. These controls will adequately serve to advice the business management on the corrective and emphasis decisions to take (Smolianov & Aiyeku, 2009). The function of monitoring and evaluation will be carried out through both internal and external measure.

Implementation

The implementation plan for the business presents the flow of activity that will be undertaken towards…...

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References

Sengupta, S. (2005). Brand Positioning: Strategies for Competitive Advantage. New York City, U.S.: McGraw-Hill Companies, Incorporated.

Smolianov, P., & Aiyeku, J.F. (2009). Corporate Marketing Objectives and Evaluation Measures for Integrated Television Advertising and Sports Event Sponsorships. Journal of Promotion Management, 15(1/2), 74-89.

Management Quality ontrol
Dr. Kaoro Ishikawa is one of the world's idealized leaders in quality management control. He joined Japanese union of Japanese scientists and Engineers in 1949 to research on quality, after knowing that America's produce such as toys and cameras was cheap and defective. Ishikawa's greatest concern was to improve quality management involving every employee from top management to the front-line staff, without relying on professions. His significant contribution to evolution of quality management when he introduced the "fishbone" diagram that emphasized on quality services to customers made him known, and this could only be achieved by quality organization first in production of quality goods and services (Dahlgaurd 2005).

Bibliography

Kaoru was born on July 13th 1915 in Tokyo, and was the eldest son among the Shikawas, and in 1939, he obtained a degree in the University of Tokyo for applied chemistry. This knowledge helped him in construction, research, and design…...

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Cencus, B. o. (1983). Operations Management. Chicago: United States Department of Commerce.

Dahlgaurd, J.K. (2005). Fundamentals of Total Quality Management. Denmark: Routledge publishers.

Ishikawa, K. (1985). What is Total Quality Management -- the Japanese Way. Korea: Prentice-hall publishers.

Controlling Function at Google
Analysis of the Control Management Function at Google

Google's ability to innovate quickly indicates how agile and quickly adaptive the company is in interpreting opportunities and threats. The highly innovative culture of the company is continually being improved through intensive hiring, management and management control processes. One of these is the highly successful ule of 20%, which provides engineers the freedom of using up to 20% of their time on potential new product concepts and ideas (Machlis, 2009). The challenge for Google is controlling the very rapid pace of innovation and growth from a managerial perspective without stopping the momentum of new venture creation and development. The intent of this analysis is to evaluate the controlling function at Google.

Analysis of the Control Management Function at Google

The Google culture is highly collaborative by nature, having 360-degree feedback processes in place to ensure each project team stays in step with…...

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References

Hamel, G. (2006, Apr 26). Management a la Google. Wall Street Journal.

Licker, P.S. (2006). Global technology management in the age of economies of style. Journal of Global Information Technology Management, 9(3), 1-4.

Machlis, S. (2009). Innovation and the 20% solution. Computerworld, 43(5), 21-21.

Stone, B. (2011, Jan 31). Larry page's Google 3.0. Business Week,, 1.

Evaluate the impact of globalization and management across borders

After its retrenchment in the U.S., Starbucks is still considering expanding its operations China. "Despite its long presence in the Chinese market -- Starbucks opened its first shop in Beijing in 1999 -- the Seattle coffee giant only has 376 stores on the China mainland, compared with 878 in Japan" (Sanchanta 2011). Starbucks has tried to learn from some of its mistakes domestically in the U.S., such as its super-saturation of certain marketplaces, while incorporating many of the successful lessons of its other ventures, such as its ability to tailor product offerings to local needs. "Cracking the code in China for any company is not an easy task -- there will be a number of winners and lots of losers of people who go there and rush to judgment and don't succeed…The thing I am most interested in when I go to…...

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References

Clark, Taylor. (2008). How Starbucks colonized the world. The Sunday Times. Retrieved July

21, 2011 at  http://business.timesonline.co.uk/tol/business/industry_sectors/leisure/article3381092.ece 

Leadership and management. (2011). Team Technology. Retrieved July 21, 2011 at Retrieved July 21, 2011 at  http://www.teamtechnology.co.uk/leadership-basics.html 

Sanchanta, Mariko (2011). Starbucks plans major China expansion. The Wall Street Journal.

Where, the benchmarks will show if the system is helping or hindering the company from achieving its objectives. This is significant, because when it is used in conjunction with flexibility, you can be able to effectively adapt to changes in the markets. With flexibility providing the necessary ingredients to implement such changes, while the use of benchmarks will identify when a management system is becoming unproductive. (Ireland, 2008, pp. 33 -- 39)
The use of knowledge management is when an organization is collecting and analyzing the total amounts of knowledge at their disposal. This would include analyzing all available: resources, employee / managerial skills and documents. This is significant, because it provides a way for an organization to quickly collect and analyze a wide variety of information. At which point, managers can be able to effectively place the different resources and personnel of the company, in those areas where they…...

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Bibliography

Symptoms of a Dysfunctional Organization. (2005). Retrieved July 9, 2010 from Copper Comm website: http://www.coopercomm.com/dysfnorg.htm

What are Management Control Systems. (2010). Retrieved July 9, 2010 from Wisegeek website:  http://www.wisegeek.com/what-are-management-control-systems.htm 

Flamholtz, E. (1998). Case Studies in Changing the Game. Changing the Game. (pp.81 -- 90). New York, NY: Oxford University Press.

Ireland, D. (2008). Promoting Integrity and Ethical Behavior. Understanding Business Strategy. (pp. 33 -- 39). Mason, OH: South Western.

Control Mechanism: Advance Financial Management
Real corporate governance and financial control comprise of the utilization of monitoring and inducement mechanisms to bring into line different interests that are between managers and shareholders and urge the creation of shareholder value. Monitoring is not just a simple mistake, nor a conventional control, but founded on the control monitor. The United States, orld, Com Enron, Lam Tin, China's Guangxia, came from magnificence into ashes, weak in-house financial control is one vital reason. ' Theoretically, China's accounting auditing and profession it seems that there is management and disrepairs the worth controlled by, or would like to state control of mistake to evade such a propensity of thinking' (CAI Chun 2001). It is this propensity exists, that makes surveillance and controls the activities that are within the company fundamentally stop at the levels of supervision, fail to have control of the height.

Company's in-house financial control mechanisms…...

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Works Cited

Anon., 2004. Chinese commentator calls for mechanism to prevent, control AIDS.. BBC Monitoring Asia Pacific, 32(4), pp. 1-1.

Anon., 2004. internal control mechanism and in-house management were both improved. Almanac of Chinas Finance and Banking, 7(9), p. 24.

Anon., 2011. FM for strict budget control mechanism.. Kashmir Times, 7(6), p. 34.

Campbell, K. & . M.-v. A., 2008. Gender diversity in the boardroom and firm financial performance.. Journal of Business Ethics, 83(2), pp. 435-451.

A paper that focuses on topics like strategic decision making, strategy, leadership, management control systems, entrepreneurship, or organization changes can take two approaches.  You can thoroughly explain one of the concepts, for example describing that strategic decision making is a method of business planning that looks at long-term goals.  The other approach is to do some sort of case study looking specifically at events to determine how one of those topics either impacted or was impacted by a company’s decision-making process.  So, the first thing you need to do is decide what type of paper....