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Assessment of Flamholtz and Management Control Systems

Essay specific features

 

Issue:

Business

 

Written by:

Kelly G

 

Date added:

April 14, 2016

 

Level:

University

 

Grade:

A

 

No of pages / words:

8 / 2060

 

Was viewed:

10005 times

 

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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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