The Review of Management Control System, corporate Strategy and Firm Performance
Management control system (MCS) and corporate strategy play vital roles in achieving organization set objectives. For it to be effective, management must align and integrate these concepts in their business models. The study seeks to investigate whether a relationship exists between corporate strate...
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| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
International Research Alliance for Sustainable Development - iRASD
2019-06-01
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| Series: | iRASD Journal of Management |
| Subjects: | |
| Online Access: | https://www.journals.internationalrasd.org/index.php/jom/article/view/108 |
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| Summary: | Management control system (MCS) and corporate strategy play vital roles in achieving organization set objectives. For it to be effective, management must align and integrate these concepts in their business models. The study seeks to investigate whether a relationship exists between corporate strategy, MCS and organizational performance. To achieve these objectives, the study employs the use of literature review approach. The study found that a positive relationship does exist between these three variables. The consensus is that these three constructs complement each other to result in superior corporate performance. The study recommends that management must align its MCS to suit their business strategies in order to enhance organizational performance.
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| ISSN: | 2709-8443 2709-8451 |