What are three types of control?

Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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What are three types of control?

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Step 1

There are primarily 3 types of control systems:

Step 2
  • Management control system (MCS)
  • Budgetary control system (BCS)
  • Performance control system (PCS)
Step 3

Strategy and goals are important elements in MCS. In a management control system, the goals define the elements which need to be controlled under MCS. The MCS is developed in a way so that the organizational as well as the system goals are integrated and achieved. This leads to goal congruence. Strategy helps in developing the path to achieve the goal congruence in MCS. Hence, both strategy and goals help in developing an effective MCS.

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