Management Control Systems

Aim

After completed the course the students should on an advanced level be able to:

• discuss strategy implementation and an effective resource usage to achieve organizational goals
• understand the nature and power of management control
• design management systems to manage firm’s performance
• justify responsibility structures
• analyze behavioral implications of strategic planning and budgeting
• evaluate performance measurement and employees’ compensation
• differentiate management control systems between for-profit and not-for-profit organizations
• distinguish between managerial control and corporate governance
• analyze the impact of societal challenges such as sustainability, diversity and digitization on managerial control

Content

This course will develop the students’ knowledgeand comprehension of how managers influence other members of the organization to implement strategies in an efficientandeffective way. Thecentral focus of this course is strategy implementation and an effective use of resources in order to achieve theorganizational goals. In particular the course provides knowledge, application and analytical skillsto compose management systems and to manage the firm’s performance. Management control involves a variety of activities which the students should be able to operate after having successfully completed the course. The students will be introduced to the nature of management control, its background, definition and theoretical framework. In the critical analysis of management control, various dilemmas relating to social and ethical aspects of organizations will play a key role.