Management Control is the process by which managers at all hierarchical levels ensure that their strategic intentions are realized. This requires a management control system that enables managers to map external developments to the internal planning and control processes and to improve the coordination between all actors. The book offers concrete guidance on how to build an integrated planning and control system. The requirements are derived from management models and from corporate management practice. The book presents the fundamentals and models, while also guiding readers through a comprehensive simulation model programmed in Excel. Using this model, readers can trace the dependencies, structures and calculation methods used in detail, and identify the effects on other areas. The goal is to provide a design template for the implementation of a decision-relevant management accounting system as well as for winning internal piloting indicators and early warning information that readers can use at their own organizations. Given its focus, the book will be a valuable asset for managers and specialists, service providers, project developers, producers and traders, public enterprises, NGOs, consultants and lecturers in the fields of management, controllership and information technology.

Scorecard Best Practices

Design, Implementation, and Evaluation

What if you had a management tool that would give you and your colleagues current information on the health of your organization and where you stand with respect to achieving your corporate goals? What if this tool could also be used by other managers to communicate changes in strategy, align the business units with the changes, and ultimately help to align employee behavior with the corporate strategy?

Scorecard Best Practices: Design, Implementation, and Evaluation is your single-source reference to achieving all of these goals in order to get the most benefit from Scorecards at your organization. This practical guidebook shows you how to turn strategy into performance at every organizational level and includes eight case studies of companies that have successfully implemented the balanced scorecard, a high-level implementation plan, and a best practices considerations checklist.

Useful for CFOs and controllers, this book offers the best practices with pragmatic insights and proactive strategies to effectively employ the Scorecard system at maximum performance. Scorecard Best Practices provides essential information on:

Best practice organization benefits

Choosing an appropriate framework

Establishing motivation

Aligning measures and employees to organizational goals

Getting buy-in from top-level management

Enabling a supportive environment

Communicating scorecard concepts

Designing your scorecard system

Both for those familiar with Scorecards as well as those uninitiated with them, Scorecard Best Practices is an easy-to-read, easy-to-follow--and effective--guide that will showyou how to go from strategic ideas to world-class performance.