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A management control system ( MCS) is a system which gathers and uses information to evaluate the performance of different organizational resources like human, physical, financial and also the organization as a whole in light of the organizational strategies pursued. Management control system influences the behavior of organizational resources ...
Kirthi (m. 1980) Children. 2. Awards. Fellow at the Strategic Management Society. Two-time winner of the McKinsey award for the best article published in Harvard Business Review. Website. www .tuck .dartmouth .edu /people /vg /. Vijay Govindarajan (born 18 November 1949), is the Coxe Distinguished Professor (a Dartmouth-wide chair) at Dartmouth ...
Robert N. Anthony. Robert Newton Anthony (September 6, 1916 – December 1, 2006) was an American organizational theorist, and professor of management control at Harvard Business School, known for his work in the field of management control systems. [1]
Ernest Anthony Lowe. Ernest Anthony (Tony) Lowe (June 1928 - 5 March 2014) was a British economist, and Professor of Accounting and Financial Management at the University of Sheffield, [1] known for his work on management control, and management control systems. [2] [3] [4]
Investment center. An investment center is a classification used for business units within an enterprise. The essential element of an investment center is that it is treated as a unit which is measured against its use of capital, as opposed to a cost or profit center, which are measured against raw costs or profits. [1]
A management system is a set of policies, processes and procedures used by an organization to ensure that it can fulfill the tasks required to achieve its objectives. These objectives cover many aspects of the organization's operations (including financial success, safe operation, product quality, client relationships, legislative and regulatory conformance and worker management).
Configuration management ( CM) is a management process for establishing and maintaining consistency of a product's performance, functional, and physical attributes with its requirements, design, and operational information throughout its life. [1] [2] The CM process is widely used by military engineering organizations to manage changes ...
Control (management) Control is a function of management that helps to check errors and take corrective actions. This is done to minimize deviation from standards and ensure that the stated goals of the organization are achieved in a desired manner. According to modern concepts, control is a foreseeing action; earlier concepts of control were ...
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