Tag: Management Audit
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How to succeed in introducing Financial Control
Learn Financial Control the smart way The introduction of Financial Control aims to provide objective information for strategic management and decision-making. But the behavior of the different actors in the company always clashes with the technical dimension of Financial Control tools. Control indicators are perceived by some managers as a limitation of their supervisory power…
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The Impact of Lean Maturity on Financial Control Simplification
How Lean maturity simplifies Financial Control Torbjorn Netland (1) explores how Lean Manufacturing affects Financial Control systems and finds that they change after Lean implementation. One of the pillars of the Toyota TPS (Toyota Production System) house is to empower individuals (autonomy) and let teams make decisions on the shop floor instead of remote managers,…
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How financial control can enhance Agility and Value creation
The challenges and opportunities of Financial control in a dynamic and complex environment. The role of management control largely depends on the size and culture of companies, their sectors of activity, the internal and external environment, the strategies deployed, etc. Two aspects are frequently put forward : This rapid evolution of the function poses the…
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Management Control as a strategic tool for value creation
Process for introducing management control in SMEs How do human mechanisms evolve in an SME during the introduction of management control and what are their impacts on the implementation of strategic management in times of crisis? The introduction of a new system often changes group dynamics and increases the doubts and fears of individuals by…
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