Financial-Assignment

Financial

What role do management control systems play for entrepreneurial initiatives?

Since, management control systems' prime role is to gather the organization information with respect to the resources. The core function of management control system is to maintain or change patterns in organizational activities by recording the formal information-based routines and procedure. This is the system which is used to enforce the organizational strategies in order to achieve the required objectives and goals. Therefore, these type of performance management systems work as a bridge between strategy formulation and task control (Anthony and Govindarajan, 2007). However, it is the fact that the formal management ...