(PDF) Management Control Systems, 2nd Edition
by Frank Hartmann, Kalle Kraus, Göran Nilsson, Robert Anthony, Vijay Govindarajan
Key Highlights
- •Comprehensive coverage of Management Control Systems theory and practice.
- •Authored by leading global experts in management accounting and control.
- •Updated 2nd Edition reflecting contemporary business challenges.
Description
Looking to get a real grip on how businesses steer themselves towards success? Dive into Management Control Systems, 2nd Edition! This isn't just another textbook; it's your guide to understanding the vital systems that help managers ensure their teams are working towards the company's goals. Whether you're grappling with performance measurement or trying to align strategy with day-to-day actions, this book offer clear insights.
Who is this book for? It's perfect for MBA students, undergrads in business or accounting programs, and practicing managers who need to design or improve their organization's controll systems. If you're involved in planning, performance evaluation, or strategic decision-making, you'll find immense value here. Even professionals in finance or consulting will find it a useful referance.
What problem does this book solve? Many businesses struggle with translating strategy into results. This book tackle that head-on. It help you understand how to design systems that motivate employees, provide crucial feedback, and ensure resources are used effectively. Ever wondered how successful companies stay on track? This book explain the frameworks and techniques they use, moving beyond just theory to practical application.
What will you gain from reading it? You'll get a comprehensive understanding of management control system concepts, from responsibility centers and transfer pricing to performance measurement and strategic alignment. You'll learn about different control mechanisms and how to choose the right ones for your specific situation. Plus, this second edition incorporates updated perspectives, making it highly relevant for todays dynamic business world.
Why is it worth reading? Authored by leading experts in the field, including the renowned Robert Anthony and Vijay Govindarajan alongside Frank Hartmann, Kalle Kraus, and Göran Nilsson, this book combines rigorous academic frameworks with practical relevance. Its a foundational text used in many top business schools for a reason. It provides the knowledge you need to implement effective management controls and drive better business performance. Ready to take control? Download the PDF now and start mastering management control systems!
FAQ
Is this book suitable for someone completely new to management concepts?
While it's comprehensive, it's primarily aimed at those with some foundational business knowledge, like BBA or MBA students, or junior managers. However, the clear explanations make it accessible if you're willing to engage with the material.
How is the 2nd Edition different from the first?
The 2nd Edition incorporates updated research, contemporary examples, and potentially refined frameworks to reflect changes in the business environment and management practices since the first edition.
Does this book focus more on theory or practical application?
It aims for a strong balance. It explains the core theories and frameworks of management control systems but emphasizes their practical application in real-world business scenarios.
Will this book help me with performance management specifically?
Yes, performance measurement and management are key components of management control systems, and this book covers these topics in detail, including different approaches and metrics.
Is this book relevant for non-profit organizations too?
Absolutely. While many examples might stem from for-profit businesses, the core principles of management control – aligning actions with goals, measuring performance, motivating people – are highly applicable to non-profit organizations as well.
Reader Reviews
About the Author
This book brings together leading minds in management control. Robert Anthony and Vijay Govindarajan (Harvard Business School) are pioneers in the field, known for their foundational frameworks. Frank Hartmann (Erasmus University Rotterdam), Kalle Kraus (Stockholm School of Economics), and Göran Nilsson (Uppsala University) contribute deep European perspectives and contemporary research, making this edition a truly global and updated resource for students and professionals alike.