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Characteristics of Mcs

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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.

EELEMENTS OF MCSELEMENTS OF MCS

STRATEGIC PLANNING

BUDGETING

RESPONSIBILIT Y CENTRE

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

NO IMPROVEMENT IMPROVEMENT

LOSS

MEASURES THE PROGRESS. DETECTION OF DEVIATIONThis states the reasons for deviation

DETECT MISTAKES Deviation from actual standards. DECISION FOR VENTURES, NEW TECHNOLOGY

CONSIST OF :SYSTEMSORGANIZATION EVALUATION

PROCESS

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 MCS Monitor activities To rectify

GOAL CONGRUENCEIndividual and organization goals Operate on minimum conflicts coordination

UNIVERSALLY APPLICABLETask at each level Operate on objective & aligned Quality input Implementation process

Strategy Time factor Faculty Standard Faculty Quality Coordination Procedure targets

Information Pressure Work load