There are profits in your management control systems

Abstract

The article describes a new approach to the cost/benefit aspect of management control systems which will help managers decide which control system is worthwhile improving and how. The new concept is based on two ideas: defining the purpose of a control system as: “Triggering corrective action that will prevent losses which came out of deviation from planned path”; and breaking up the control cycle into five steps and relating separately to each step for improving the present system and its cost/benefit performance.

Citation

Noy, E. (1999), "There are profits in your management control systems", Managerial Auditing Journal, Vol. 14 No. 7, pp. 363-368. https://doi.org/10.1108/02686909910289876