Characteristics of Mcs

COMPILED BY:

ISHA KHAZANCHI (111)NEHA AGARWAL (54)MEGHA JHINGRAN (46)GARIMA DIXIT (30)

Management Control System is the process of evaluating, monitoring and controlling the various sub-units of the organization so that there is effective and efficient allocation and utilization of resources in achieving the predetermined goals.

ELEMENTS OFMCS

STRATEGICPLANNING

RESPONSIBILITY

CENTRE

BUDGETING

EELEMENTS OF MCS

Strategic planning is an organization's process of defining its strategy, or direction, and making decisions on allocating its resources to pursue this strategy, including its capital and people. Various business analysis techniques can be used in strategic planning, including SWOT analysis , PEST analysis, 

Strategic planning is the formal consideration of an organization's future course. All strategic planning deals with at least one of three key questions:

"What do we do?" "For whom do we do it?" "How do we excel?"

RESPONSIBILY CENTRE

A responsibility centre is an organization unit that is headed by manager who is responsible for its activities.•Delegation of responsibility for specific to successive lower levels of organization.•Motivation of the level of management to which a certain task has been delegated.•Measurement of the achievement of specified objectives.

ORGANIZATION

RESPONSIBILTY CENTRE

CONTROL PROCESS

LOSS

IMPROVEMENT

NO IMPROVEMENT

MEASURES THE PROGRESS.

DETECTION OF DEVIATIONThis states the reasons for deviation

DETECT MISTAKES Deviation from actual standards.

DECISION FOR VENTURES, NEW TECHNOLOGY

CONSIST OF :

SYSTEMS

PROCESS

ORGANIZATIONEVALUATIO

N

REMEDIAL ACTION

FOLLOW UP

CONTINUOUS PROCESSEffective - Aligned towards objective Efficient - Cost

▪DYNAMIC PROCESS Strategies and functioning change

accordingly Business process re-engineering will

take place Example post paid

CONTROL PROCESSInput to MCSMonitor activitiesTo rectify

GOAL CONGRUENCEIndividual and organization goalsOperate on minimum conflicts – coordination

UNIVERSALLY APPLICABLETask at each levelOperate on objective & alignedQuality inputImplementation process

Strategy Time factorFaculty Standard

Faculty Quality Coordination Procedure targets

InformationPressure

Work load