The dynamic and continuous process of monitoring performance and adjusting actions to ensure desired business outcomes is called management control . This mechanism allows companies to assess in real time the progress towards their objectives, identify possible deviations and apply timely corrections.

 

Management control: definition and objectives

>>>>Management control can be defined as the set of systems, processes, practices and tools that enable managers to manage the company effectively, achieving telemarketing data  set objectives in a timely manner . These include methods and tools for accounting and those for measuring performance and business KPIs.

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Therefore, the main objective of management control is to create and develop organizational coherence, uniformity in decision making and convergence of objectives of different business units within an organization, in an economically viable

way. In practice, this is realized in four actions:

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Identify the causes of deviations (i.e. the differences between the company’s actual results and established plans, which can be both positive and negative, ed. ) and the deficit sectors in order to be able to intervene quickly.
>Measure the performance of individual areas of the company by evaluating the integration of external collaborators, when necessary, in order to increase production capac

ity.
Optimize the management of the company’s productive and economic resources .
Provide support to company management in defining strategic objectives.
Management control and financial management of the company.
Management control and financial management of the company are two closely related activities.

 

Historical analysis of financial statements, cash flow analysis, evaluation of investment opportunities, management of financing sources, management of financial risks, are the main tools and techniques used in corporate finance that a management control manager (the controller) must know to help the company achieve its performance and financial growth objecti

ves.

 

Management control as a driver of innovation and business growth

>>>Today, most companies recognize the importance of top 7 saas marketing strategies with an emphasis on growth  innovation as a driver of business growth and management control can be a driver of innovation and, therefore, support the company in its growth.

This activity supports managers in this direction in several ways:

 

Identify areas for improvement or those that require greater investment in terms of economic, human and instrumental resources.
Cross-reference customer data with market trends to identify new business areas to develop.
Evaluate the financial and productive impact of new technologies and, based on the results, guide the company’s digital transition.
Identify potential risk areas related to innovation and define an action plan to manage them.
In this way, management control can contribute to boosting the company’s innovation process and improving its level of competitiveness.

 

Management control innovation and business growth

Management control also allows us to evaluate the contribution of human resources to the achievement of objectives , influencing and directing the behavior of teams or individuals towards efficiency.

 

Another aspect to highlight is the action of facilitating coordination between the different areas of the company implemented by management control .

All these actions – and more – make it a relevant activity to achieve business success.

 

The role of management control in the strategic planning of the company.

 

Management control plays a fundamental role in corporate strategic planning. It allows you to monitor strategic objectives and their achievement over time by identifying any critical issues . In this way, the company’s management can