It’s a good reminder that strategy, culture, and the environment all play a big role in how decisions are made. Really informative read.
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Hi Tahirmuneer, management control allows a company to identify deviations between expected and actual results and support management in adopting corrective actions.
The most interesting mathematical tools of management control are: the deviation, the efficiency index, and the ROI (Return on Investment).
We can say that it is a fairly recent discipline, as the modern concept of management control was only born in the 1950s and 1960s with the emergence of the American school of management.
!DIY