Essays on Management Control Systems

The main research question in the paper understands the level of middle management staff applied in the private sector companies in the eastern province. Such empowerment includes some dimensions including skill, administrative and psychological dimensions meant to empower the middle managers (Feuille, & Voos, 1997). The central research question is important in the paper because it helps to give a wider understanding on the issue of empowering the middle managers of an organization and how doing so helps to spur growth the company (Rosenbaum, 2006). The middle managers in companies play a great role in ensuring that the junior employees ...

Jay Kiley

Dr. Lorrie McGovern Literature Review Abstract Innovations are inevitable in the business nowadays as they lead to the increased efficiency. The more efficient the company is, the higher the profit it gains. This is equally fair for the product innovation and management improvement. Moreover, financial innovations are now even more desired. All these changes are beneficial for all parties, as development of the entrepreneurship leads to the social and political improvements. Therefore, within this paper, a literature review will be performed to reveal main discussions on the innovations in the financial management, especially in the commercial lending. Both advantages ...

Introduction

Control refers to the management function that entails the entirety of processes that effectively inform the manager of up-to-date events in main areas of operations in the organization, as well as facilitate needed changes to be carried out in the organization (Armesh, Salarzehi, & Kord 2010). Through the control process, projected results are achieved through accurate measurement and positive courses of action. Managers are an indispensable part of the control process in the organization; they check and assess the success of relations between stakeholders, such as employees and customers and organization resources and outcomes - inputs and outputs (Siska 2015). ...

Strategic control involves tracking strategies as they are being implemented. It is concerned with problem identification, detection of changes and making changes necessary in a strategy (Hill, Charles, and Gareth 2010, pp 388). As a manager, there is the need to ensure that the company moves to the intended direction or whether the assumptions made about a project or strategy about company trends is correct. In strategic management, strategic control plays a crucial role in the implementation stage by tracking, monitoring and evaluating the effectiveness of implemented strategies, as well as enhancing changes or adjustments when necessary (Thompson, John, and Frank 2010, pp ...

1.0 Executive Summary

The emergence of globalization, and business trends that have sought to capitalize on the expanded markets and resources has brought with an increased gender as well as ethnic diversity, both of the markets and perhaps most crucially, the labor force. This is even more so for Gap Inc., A company that does not only run global operations, but also because the clothing industry serves a culturally diverse market with widely varied needs. With upwards of 4,287 stores worldwide by the close of 2010, the San Francisco based company, which was established in 1969, specializes in children, women and men’ ...