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