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This course examines the design, implementation and uses of Management Control Systems (MCS) within contemporary organisations. There is a consideration of how designs of MCS are changing given globalisation and increasingly blurred organisational boundaries. The content is less technically oriented than a typical management accounting course and provides a broader strategic perspective of management control issues from the viewpoint of the CFO (Chief Financial Officer) and the senior executive team. The course is designed to be highly interactive. It encourages the application of reading materials to cases and reflections on the effectiveness of different MCS on performance in various organisational settings.
Issues considered include the components of a MCS; MCS design and relationships with strategy; factors influencing the suitability/fit of control systems in different industry settings; uses of MCS to influence performance outcomes; MCS in different cultural and international settings; the product life cycle and MCS; and how MCS undergo change in established and newer organisations.