Essays on Management Control

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 ...

Ideally, an organization is a set of people who work together to achieve certain goals. There are many ways to get the organization functioning and make use of various management control measures to achieve the desired goals. Reward system is one such management control method which means to pay rewards or incentives to employees based on their performance. Although reward systems are introduced to serve multiple aims, the main aim however is to motivate and encourage the employees to perform better and beyond expectations. These rewards have to be externally competitive and must be in proportion to the market ...

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). ...

The Role of Leadership in Project Management

Leadership is an important aspect of project management. Project team leaders appointed to run a project have the power to determine whether an exercise becomes successful or not. It is, therefore, imperative for project managers to clearly establish their leadership roles in project management. In addition, the managers need to know the necessary skills that will help them successfully carry out their leadership roles.

Nature of leadership and management

Scholars have established that there is a link between the performances of an organization to the approach which the organization takes in regards to the management of its essential resources. This is an aspect referred ...

At 22 years of age, Mr. Polk believed that money would solve all his problems. To CFSB’s Control Management System, such belief would pose a major challenge in the control of Mr. Polk’s behavior while working in the company. One of the main functions of a Control Management System is to motivate employees to make decisions and take actions that are consistent with the organizational objectives. The control system must, therefore, guide the employees to focus all their energy towards accomplishing the organization’s goals despite the fact that they may be tempted to make decisions or take actions ...

Management practices of planning, leading, organizing, staffing and controlling are implemented in the workplace in diverse ways. Good management is evidently linked with superior performance and it is reasonable to expect any firm to make any practices a preference. Notably, the techniques of good managerial practices are available in the public domain and are incredibly accessible forms. Arguably, planners manage resources like; time, land, money and infrastructure. It is fundamental to carefully identify resources, conflicts and constraints (Nikolova, 2012). For instance, on land use, the management may identify areas that are inapt for certain categories of development due to various ...

The topic on this reading was on the political influence of accounting. Through the discussions and peers, I noted that the accounting profession is not only a debit credit theory, but actually a subject that has profound impact on the political environment as well as the regulatory frameworks of any nation.

One important aspect of accounting especially in the political and regulatory environment is the ability of accounting to impact positively with regard to the ethical considerations that govern politics of a nation. Some of the most important issues that came up in these discussions included the reasoning for the existence of a ...

Introduction

Recently, the role of a managerial accountant is widely discussed in the scholars. Johnson and Kaplan (1991) argue that management accounting is “too late, too aggregated, and too distorted to be relevant for managers’ planning and control decisions” (1). Haedr (2012) considered the mediation effect of management accounting information on motivation using contingency theory stating that “MAI usefulness accounts for a full (i.e. complete) mediation effect only on the relationship between centralization and MCS effectiveness.” (n.p.). As the number of views cannot present a unified opinion on the matter, the purpose of the current paper to reveal whether the functions of the ...

PART 1: Dark Leadership

Introduction Dark leadership is defined as the “systemic and sustained behavior by an organizational leader that violates the organizational interests by denting and /or sabotaging the organizations tasks, resources, goals and effectiveness and/or the motivation , wellbeing or job satisfaction” (Sankar,2003, p.112). In recent years, organizational leaders have gained much recognition as agents of entrepreneurship and change. As much as many tend to focus on the positive elements associated with leaders certain liabilities or risks are also entailed (Herbst, 2014). These very behaviors have the power to produce problematic or devastating outcomes for their organizations. This usually takes ...

British Petroleum (BP) originated from the Anglo-Persian Oil Company (APOC) in the early 1900s. Over the years, it has had a long history of working with the Russians that includes its investment in Sidanco and management control. TNK (Tyumenskaya Neftyanaya Kompaniya Tyumen Oil Company), controlled by Alpha Access/Renova, had a series of disputes over Chernogorneft with Sidanco. While Sidanco gained control over Chernogorneft, TNK had a lot of stakes in Sidanco. As a result of the working relationship, both the Russian government and BP exercised good opportunity to work together. However, BP had an insight into the challenges that lies ahead of ...

Introduction

A recent research on management accounting culture change established how accounting practices are woven into the cultural fabric of any organization. The study adopted and explored theories of a series of cultural change interventions related to management accounting. The traditional accounting methods involved process costing, standard costing and job-order costing. The evolution of business environment was considered efficient because of its role in the accounting techniques. The new methods labeled as advanced management techniques were considered to provide tools of achieving a competitive edge. They include Kaizen costing, activity-based costing, value-added accounting, cost of quality, strategic management accounting and back-flush costing. ...

Question 1

You have just been hired by a large organization to serve as a first line supervisor, but because you are in an influential department, you have the opportunity to meet the top managers at a company party and to dialogue with the CEO on his responsibilities. Knowing the responsibilities and types of decisions made by top management as we studied them in organization theory, what would you discuss the organization with the CEO?

Response:

Awareness is necessary with preparedness for the conversation or discussion with the CEO about the organization. Initially, I would discuss about the advantages of the organization as a tool to ...

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. Balanced Scorecard Approach and its Perspectives Balanced Scorecard (BSC) is a radical way of appraising organizational performance and the concept was officially unveiled in the year 1992 by Robert Kaplan and David Norton. BSC, born in the Harvard Business School, was a radical concept at its time. Prior to the origination of BSC, only financial measures were used for organizational performance evaluation. However, BSC was the first concept ever which went beyond pure financial measures for evaluating an organization’s performance. This concept was the first to use a holistic approach toward performance evaluation of organizations as also using indictors ...

Project 3

Introduction The completion of this System Security Plan is part of Department of Veterans Affair’s operational requirement in accordance to the Federal Information Security Management Act or otherwise Public Law107-347 and the Management of Federal Information Resources. The Veterans Affairs is classified as a Federal Agency, thus requiring the organization to ensure that all computer systems including the sensitive information are ensured of its security and privacy, which justifies the preparation and implementation of this plan. This encompasses an objective of improving the level of protection of all information and IT resources utilized by VA through system security ...

Alternative perspective on management

In management and organizational studies, there is seemingly one way used to analyze aspects of management. However due to the scientific nature of management and organizational studies, there are alternative critical approaches used to analyze various aspect of management. Looking at the definition of management and organization, one can easily say that both concepts are as old as the history of human beings. In the historical period, there were various forms of organizations including armies and states which experienced management and organizational challenges. These challenges highlighted on areas such as human resource management, resource and financial management, branding and ...

Real Estate Investment

Investment in real estate is a crucial means of investing government funds. There are various suitable equity vehicles which can enable a government to invest in real estate. Investment in real estate may affect the structure of the global financial markets because it will lead to a stiff competition in the market (Baum, 2009, pp 18). Investment of government pension fund of Norway in real estate is supported by some of the Norwegian investment features which are considered as best practices in the international markets. The aim of the government pension fund in Norway is to save and promote an intergenerational movement ...

Business environment is dynamic and has evolved over the years. This has resulted in the development of a number of contemporary accounting changes to cope up with the evolving business environment. These contemporary issues include; computerised accounting, human resource accounting and, social and environmental accounting. Computerized accounting involves using computers and the various accounting packages for book keeping and production of various financial and managerial reports. This has been necessitated by the need to manipulate larger sums of money and increased complexity of financial transactions. Human resource accounting involves measuring and recognizing intangible human expertise in management and ...

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’ ...