Good leadership depends on the use of power, influence, vision, persuasion, and communication skills to coordinate the behaviors of individuals and groups so that their activities and efforts are in harmony and to encourage employees to perform at a high level (Jones & George 2006, p. 12). Not all managers are good leaders and vice versa, but to truly excel in management, a manager must train to be a leader. Being able to lead people enables a manager to achieve organizational objectives at a better rate and with excellent results. A fine example of leadership is illustrated with a look into practices at Flight Centre, a Brisbane-based travel company with strong and sustained growth. The company is 'highly decentralised,' (McShane & Travaglione 2005, p. 501) meaning that employees within the hierarchy are empowered. Their belief in themselves as stakeholders is amplified. Good leadership, then, is not totalitarian rule, but a skill set that draws the best performance from others. To ensure the organization is functioning at optimal capacity, a good manager needs control. Control is the function of management that monitors inputs, processes, and outputs. By being able to monitor operations, the manager ensures that actions are focused on attaining organizational goals. Control also enables managers to evaluate how well they themselves are performing the other three functions of management -- planning, organizing, and leading -- and to take corrective action (Jones & George 2006, p. 12). The success of mortgage lender John Symond shows the value of control as defined in this way. Over the last number of years, the company 'has experienced a series of near-changes, each of them canny attempts to broaden the brand...
Management Control System Designing Management Control System (MCS) In the contemporary world, most companies apply the use of energy to plan, manage, and execute their operations in accordance with the demands of the market and the industry. This makes energy the most vital aspect of production in business entities. Energy is crucial in running machines, recording of information, execution of communication activities, and provision of lighting within the context of the company.
Management Control Systems as a Catalyst of Strategic Agility and Organizational Performance The continual evolution of Management Control Systems as a Package (MCSP) today encompasses accounting, finance, human resources, market-based data, management control and information systems, and the entire culture of an organization, yet defies a precise typology (Merchant, Van der Stede, 2006) (Malmi, Brown, 2008) or a consistent global definition (Cruz, Scapens, Major, 2011). The intent of this analysis is
Johanna Hyvonen (2008) reiterates that management accounting systems operate as a link between strategy and performance. She also notes that organic, flexible performance systems are more effective in terms of product differentiation. There is also a positive relationship between customer accounting and market orientation. The premise of Hyvonen's study is that different management accounting systems are required for different types of companies in order to create the best management effect.
A broader empirical analysis of the levers of control framework reveals that the differences in the efficacy and appropriateness of this approach depend on whether or not the system of control and measurement is engaged with primarily as a diagnostic device, or more as an interactive system (Widener 2005). As noted above, interaction is a key element of the framework -- arguably the most important element, as the others are
Given the competition in the field, the manufacturing divisions must create competitive advantage in order to develop and maintain a significant customer base. In order to reach such a status, manufacturing divisions must meet a series of requirements of OEM customers. This means that manufacturing divisions must provide high quality products and services, the prices must be established in accordance with the products' quality, with customers' possibilities, and with the prices
Management Control The objectives in the organization are the following: customer/supplier satisfaction, market share, customer satisfaction, supplier satisfaction, employees well being. All of these factors are involved in optimum management control and all orbit around communication which is 95% of key for success particularly since we promise delievery of our services in a timely and prompt manner. The organization, in question, prizes communication, therefore optimum communication is important and can
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