ELECTIVE COURSE: MANAGEMENT CONTROL SYSTEMS

Course Objectives:

• The central focus of this course is strategy implementation. In particular, the course is designed to allow students to gain knowledge, insight, and analytical skills related to how a corporation’s executives design and implement the ongoing management systems that are used to plan and control the firm’s performance.

Detailed Curriculum:

·         Nature of management control system and the management control environment.

·         Managing the strategy formulation process: clarifying mission, vision & values, conduct strategic analysis, formulate strategy.

·         Planning Strategy: creating strategy map, selecting measures and targets.

·         Setting strategic initiatives: choose strategic initiatives, fund the strategy and establish accountability.

·         Aligning organizational units and employees: align the operating entities in the business unit, aligning the support units and align employees.

·         Responsibility centers, transfer pricing, performance measurement and management compensation,

·         Planning operations: improve key processes, develop the resource capacity plan, linking the strategic plan to a resource capacity plan and operating budget, implementing radical process innovation, implementing product innovation strategy.

·         Organizational DNA for strategy execution in dynamic environments.

·         Managing the feedback & learning process: operational review meetings, strategy review meetings, strategy testing & adapting meetings.