Management Control Systems 4th Edition Performance Measurement, Evaluation and Incentives

Management Control Systems 4th Edition Performance Measurement, Evaluation and Incentives By Kenneth Merchant; Wim Van der Stede

Print ISBN: 9781292110554, 1292110554

eText ISBN: 9781292110585, 1292110589

By: Kenneth Merchant; Wim Van der Stede

Publisher:Pearson (Intl)

Print ISBN: 9781292110554, 1292110554

eText ISBN: 9781292110585, 1292110589

Edition: 4th

Copyright year: 2017

As the market-leading text for Management Control and performance measurement, this book will give you a thorough understanding of core concepts and key topics. Including a wide range of international case studies and real life examples means this is the ideal guide for understanding complex topics and bringing this subject to life.

PREFACE

This text provides materials for a comprehensive course

on management control systems (MCSs). MCSs are

defi ned broadly to include everything managers do to

help ensure that their organization’s strategies and

plans are carried out or, if conditions warrant, are modifi

ed. Thus, the text could also be used in any course

that focuses on topics related to the back end of the

management process, such as strategy implementation

or execution.

Because management control is a core function of

management, all students interested in business or

management can benefit from this text. However,

courses based on the materials presented here should

be particularly useful for those who are, or aspire to be,

managers, management consultants, fi nancial specialists

(e.g. controllers, budget analysts, auditors), or

human resource specialists (e.g. personnel directors,

compensation consultants).

This edition includes 70 cases for classroom use.

Case studies that stimulate learning through the analysis

of complex situations such as those often faced in

the “real world” are generally recognized to be perhaps

the best pedagogical conduit for teaching a MCSs

course. Because MCSs, the contexts in which they operate,

and the outcomes they produce, are complex and

multidimensional, simple problems and exercises cannot

capture the essence of the issues managers face in

designing and using MCSs. Students must develop the

thinking processes that will guide them successfully

through decision tasks with multiple embedded issues,

incomplete information, and large amounts of relatively

unstructured information. They must learn to

develop problem-fi nding skills as well as critical thinking

and problem-solving skills, and they must learn

how to articulate and defend their ideas. Case analyses,

discussions, and presentations provide an effective

method for simulating these tasks in a classroom.

Although the text was designed primarily for