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Assessment of Flamholtz and Management Control Systems
Essay specific features
Written by:
Kelly G
Date added:
April 14, 2016
Level:
University
Grade:
A
No of pages / words:
8 / 2060
Was viewed:
10010 times
Rating of current essay:
Essay content:
This idea is reinforced as control imposes goal-setting and strategic planning on a company. It also provides individuals with autonomy, which helps asses if individuals are acting out of self-interest, which, in turn, is indicative of the effectiveness of the MCS.
(b.i) The Core Control System¬—Strength: By categorizing the MCS, it enabled Flamholtz to provide such great amount of detail regarding the core control system...
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The planning subsystem further stresses the need for strategic planning and goal setting as it provides a focus towards which employee efforts should be directed. It also introduces the idea that these goals can be used as a benchmark to measure actual performance and motivate performance. Weakness: Since the measurement subsystem relies heavily on the accounting system, employees are usually evaluated and rewarded on accounting measures...
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