Journals Information
Universal Journal of Management Vol. 3(4), pp. 153 - 159
DOI: 10.13189/ujm.2015.030403
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Information Support of Management Control in Information Asymmetry and Modern Instability
Svitlana Kuznetsova 1,*, Andriy Kuznetsov 2
1 Department of International Finance and Banking, Alfred Nobel University, Ukraine
2 Department of Economics Enterprises, Tavricesciy State Agrotechnical University, Ukraine
ABSTRACT
Information support model of management control is provided for building an integrated information system which collects detailed information about the state of the company on the strategic, tactical and operational levels of management and directions. Its construction is based on the concept of 4Ms and the pyramid of efficiency. The exact model designed for information support of management control has been formed by assessing 3 alternative models (conviction, cooperation and pragmatism) and selected on the basis of the strategy of the company, its specifics and existing features of the environment in which it functions. Taking into account the factors of instability in the formation of information support of management control for managerial decision-making it is reasonable to rely on such methods as adjustments, risk analysis and sensitivity analysis. Based on Arrow's impossibility theorem and the existing state of the management control systems regarding determination of groups of indicators, which will be monitoring effectiveness, it is expedient to introduce a dictatorial approach.
KEYWORDS
Management Control, Management Accounting, Information Support, BSC, Information Asymmetry, Methods of Instability Consideration
Cite This Paper in IEEE or APA Citation Styles
(a). IEEE Format:
[1] Svitlana Kuznetsova , Andriy Kuznetsov , "Information Support of Management Control in Information Asymmetry and Modern Instability," Universal Journal of Management, Vol. 3, No. 4, pp. 153 - 159, 2015. DOI: 10.13189/ujm.2015.030403.
(b). APA Format:
Svitlana Kuznetsova , Andriy Kuznetsov (2015). Information Support of Management Control in Information Asymmetry and Modern Instability. Universal Journal of Management, 3(4), 153 - 159. DOI: 10.13189/ujm.2015.030403.