Reasons for Management Control Systems Adoption - 1286 Words

Reasons for Management Control Systems Adoption 1 Reasons for Management Control Systems Adoption Insights from Product Development Systems Choice by Early-Stage Entrepreneurial Companies Claudia Fernandez Management Control Systems FE2510, Autumn - Period 1 Professor Eva Wittbom Blekinge Tekniska Hà ¶gskola September 26th, 2010 Reasons for Management Control Systems Adoption INTRODUCTION 2 Through the past few years, and due to different theoretical and empirical studies performed, MCS have been demonstrated to be an important element in improving innovation. Moreover, innovation has a crucial role in the product development process which is a key aspect in a company. Therefore, as stated in the article on page 324,†¦show more content†¦These events and/or situations could have both positive and negative connotations. For example, from positive events like when a new hired manager implements MCS based on his/her previous Reasons for Management Control Systems Adoption 3 experiences to negative events such as the informal management with which the company have been operating no longer works, the company number of employees grow to a point that is difficult to control, organizational performance measurement fail, problems in quality and control occur as a result of processes breakdowns, etc. Third, the performance measurement of the product development process relates primary on on-time development. Thus, it has significant relevance on the roles of MCS in the product development process. As cited in the article on page 329, these roles are: - Make goals explicit and stable. - Code learning from past experiences. - Help coordination, in order to reduce costs. - Plan a sequence of steps to achieve organizational goals and provide a model for coordinating the innovation effort over time. - Promote accountability and facilitate control. - Perform contracts with external parties, such as partners. - Legitimize the innovation process of the organization th rough an appearance of competency. Lastly, the informal management approach isShow MoreRelatedEssay On Revenue Collection Information System1568 Words   |  7 PagesChallenges Facing Adoption of Revenues Collection Information System in Developing Countries’ Local Governments: A Perspective from Zanzibar Island, Tanzania Abstract This paper explores challenges facing adoption of revenues collection information system in developing countries’ local Government. 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