MS-43 Management Control Systems

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ASSIGNMENT

Course Code	MS-43
Course Title	Management Control Systems
Assignment No.	43/SEM-I/2015
Assignment Coverage	All Blocks

Note: Answer all questions. Kindly note that answers for 10 marks questions should be approximately of 400 words. Each question is followed by evaluation scheme.

1. ‘New Management techniques such as Total Quality Management, Just in Time are in tune with the conceptual foundations of Management Control Systems’. Explain

Answer: Performance appraisal is a formal, structured system that compares employee performance to established standards. Assessment of job performance is shared with employees being appraised through one of several primary methods of performance appraisals. Elements in performance appraisal methods are tailored to the organization's employees, jobs, and structure. They include objective criteria for measuring employee performance and ratings that summarize how well the employee is doing. Successful appraisal methods have clearly defined and explicitly communicated standards or expectations of employee performance on the job.

2. ‘Every responsibility center manager in an organization is an expense center manager also’. Do you agree with this statement and if so, try to explain the same by giving examples.

Answer: Responsibility budgeting became a codified practice beginning with Peter Drucker's exposition in the Concept of the Corporation in the 1940s. Over the past half century, the practice has been elaborated upon in the expansive accounting literature on managerial control and in the literature on strategic management. However, it antecedents are

3. Select any organization of your choice and study the long-term compensation plans of that organization? Give your views on the existing compensation plans that are being practiced by that organization.

Answer: Compensation is a systematic approach to providing monetary value and other benefits to employees in exchange for their work and service. But pay and conditions becomes amore complicated issue for multinational companies which operate across different locations and cultures, and who employ an increasingly diverse range of

4. As a manager of a multinational company what are the difficulties that you may be confronted with while adopting management control practices across various countries.

Answer: The systems management approach emphasizes the importance of educating managers to understand the overall system so that they will realize how actions in their department affect other units. An organization can be likened to a mobile: if you touch one part, the entire apparatus swings into motion. For example, the hiring of a single individual into a marketing department is bound to have some degree of impact on other divisions of the organization

5. Study the ‘Christian Medical College and Hospital, Vellore’ Case given in Block 5 of this course and answer the questions given at the end of the case.

Answer: History of the College: The Christian Medical College and Hospital Vellore, were foudned by Dr. Ida S. Scudder, the daughter of a medical missionary and are now managed by the Christain Medical College Vellore Association, a private inter-denominational Christian Organisation whose aim, as quoted from the Memorandum of Association of the

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