By Xianzhi Zhang (auth.)
This e-book is especially approximately facilitating the dissemination of administration keep watch over, a box now discovering program at progressively more corporations, between advertisement practitioners. It offers crucial insights on administration keep an eye on as utilized to chinese language businesses and cross-border agencies. The publication is split into 4 components. half 1 offers the mandatory heritage and framework for a dialogue on company administration keep an eye on criteria, whereas half 2 introduces a easy general for firm administration keep watch over. half three introduces software instructions for firm administration regulate criteria, and finally half four provides numerous case stories at the software of firm administration keep an eye on standards.
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Extra resources for Standards for Enterprise Management Control
It is usually based on the contributions to total output by stakeholders. 4 Management Control Procedures 39 make contribution to the total output, can they yield profit. In its narrower sense, benefit distribution control is a mechanism in which managers are forced to make greater contributions in order to obtain profits. 4 Management Control Procedures Article 22 Management control procedures should include five steps, which are decomposing strategic objectives, developing control standards, management control reports, operating performance evaluation and executive compensation, and each step involves a lot of control links and control methods.
It means that management control of an enterprise should reflect complete programs and accomplishment of planned targets. The planning principle is the essential requirement for management control. (2) The suitability principle. It means that management control of an enterprise should take into account the characteristics of organizational environment and take appropriate actions according to different circumstances. (3) The materiality principle (critical point). It means that management control of an enterprise should mainly focus on major (important) issues and may ignore minor (less important) issues which do not pose any threat to organizational objectives.
5) Preparing a report. The enterprise shall prepare management control assessment report timely in accordance with the specified procedures and requirements. The types, formats and contents of their management control assessment report should be designed according to organizational characteristics. The purpose of preparing report is to provide information on the implementation of management control for the board of directors and enterprise’s managers who should identify, according to evaluation report, deficiencies of management control system and take measures to improve it.
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