The aim of management control is to guide management towards the achievement of the company’s objectives set during the strategic business planning stage, making sure that the economic resources and production factors available to the company are employed effectively and efficiently in line with the objectives set. By measuring specific indicators (KPIs), management control identifies deviations between objectives planned and those achieved, so that entrepreneurs and company managers can implement appropriate corrective actions in a timely manner.
These days, all companies – even SMEs – need to anticipate future developments in management, by introducing governance, monitoring and assessment tools and preparing suitable countermeasures against the potentially negative consequences of particular events.
It is therefore necessary to plan development and create a flexible budgeting system.
Equipping your company with a management control system means being supported on an advisory and technical level to gain a better understanding of.
The business and the organisation in which the company operates.
The identification of performance measurements.
The structure and functioning of the processes.