A manager's responsibility is to get her team to achieve the organization's goals. The four functions of a manager are to plan, organize, lead and control her team. Feedback control is a process that ...

Installing a successful management control system in a small business requires planning and the involvement of the managers and affected employees. When managers have the financial, production, sales ...

Flexibility in management: balancing uncertainty through adaptability rather than control. Managers were taught to plan — but in a world defined by constant change, plans change. Managers were taught ...

There are best practices, standard operating procedures and several types of processes in the business world. Processes help maintain order and provide guidelines for a smooth workflow. They are what ...

Academic research in management accounting can provide companies with insight in using management accounting systems to better achieve strategic and operating objectives. It explains or predicts how ...

The Board of Directors (the BoD) approves the risk management and control framework of the Group, including the Group and business division overall risk appetite. The BoD is supported by its Risk ...