Management control is an essential tool to guide business managment toward organisation objectives and an instrument to evaluate it.
It is the range of processes a company applies to make sure all the performed tasks are directed to the achievement of goals, embracing different areas:
- Finance
- Customers
- Internal productive processes/ providers
- Internal customer (company’s departments)
Although there may be generalized patterns affecting all of the organisations, the establishment of a control system must be done in a personalized way for each company according to its organizational structure and goals.