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Management Planning and Control

In: Business and Management

Submitted By mollusks
Words 1410
Pages 6
The rapid economical development and civilization progress, as well as technological innovation and globalization have encouraged the need for mgt control arising to give companies the opportunity of greater growth and expansion than what have been possible earlier. Since Weber's golden age, the strong belief in bureaucracies has been torn down. Burns & Stalker (1961) suggested that bureaucracies limited effectiveness and flexibility of post-industrial and fast-pace businesses. This reform in organizational structures has also exerted significant influence on the evolution of management control system (henceforth MCS). The development of the modern capitalism economy provides a rich experience base for discussing the concept of MCS and the methods of enabling the firm succeed in future. Management control can be understood as the complete package which steers the organization to its objectives while MCS can be described as a device which is employed to achieve the control. It is increasingly acknowledged that in order to be successful in the long-term, a company is required not only to achieve alignment in its current operations but also to adapt effectively to the changing environmental demands (Gibson & Birkinshaw, 2004; Raisch & Birkinshaw, 2008). In other words, future’s successful organisations are ambidextrous (Tushman & O’Reilly, 1996). It can offer some comprehensive understanding of MCS by studying how a company like Taiwan Moongod Lamp Co., Ltd.(henceforth TML), which opened their first store in 1995(TML, 2012), works with MCS ambidextrously today. In 2002, TML had sales of 23 billion TWD and 20 000 employees (TMDF, 2002). A decade later, the sales had almost quadrupled to 90 billion TWD and the number of employees had more than tripled to a total number of 65 000(TMDF, 2012). With such a huge expansion rate the well-functioning MCS is of crucial importance...

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