MANAGEMENT CONTROL AND PERFORMANCE: A COMPARATIVE STUDY OF TUNISIA FIRMS VS DEVELOPED COUNTRIES FIRMS

This world is wired via technology therefore the world is one. Technology facilitates global activities among countries. No one country can survive by herself. Firms in a country do business in the global market to survive. Specifically the paper investigates and compares the management control and performance of Tunisia firms verses those of the developed world. Tunisia has to increase its share in the global market to create sufficient employment opportunities for an already large number of unemployed as well as the growing population of university graduates. “Tunisia‟s unemployment rate in 2010 was 14% compared to the world‟s unemployment of 13.3%” (CIA, 2010). Some of the recommendations are as follows: 1)Firms should invest in technological capabilities, including technological infrastructure and management control computer software systems. This means Tunisia firms should invest more in the advance technologies to facilitate their planning, scheduling and controlling activities. 2)Tunisia should consider adopting some of the culture of the developed countries to be able to effectively and efficiently use the advanced technologies. 3)Therefore Tunisia firms should stress on quality of the goods and services; the should employ total quality management (TQM) and empower each employee to take actions in the interest of the firm. 4)We recommend that more dependence of the individual employee is to be allowed to participate in activities of the firm the individual works for. 5)It is recommended that Tunisia firms participate in international business related conferences, workshops, training and educations to enable that interact much better with other firms in different countries. 6)Tunisia firms should provide incentive as a form of motivation to high performer to encourage them to maintain or increase the performance on the job. This world is wired via technology therefore the world is one. Technology facilitates global activities among countries. No one country can survive by herself. Firms in a country do business in the global market to survive. Specifically the paper investigates and compares the management control and performance of Tunisia firms verses those of the developed world. Tunisia has to increase its share in the global market to create sufficient employment opportunities for an already large number of unemployed as well as the growing population of university graduates. “Tunisia‟s unemployment rate in 2010 was 14% compared to the world‟s unemployment of 13.3%” (CIA, 2010). Some of the recommendations are as follows: 1)Firms should invest in technological capabilities, including technological infrastructure and management control computer software systems. This means Tunisia firms should invest more in the advance technologies to facilitate their planning, scheduling and controlling activities. 2)Tunisia should consider adopting some of the culture of the developed countries to be able to effectively and efficiently use the advanced technologies. 3)Therefore Tunisia firms should stress on quality of the goods and services; the should employ total quality management (TQM) and empower each employee to take actions in the interest of the firm. 4)We recommend that more dependence of the individual employee is to be allowed to participate in activities of the firm the individual works for. 5)It is recommended that Tunisia firms participate in international business related conferences, workshops, training and educations to enable that interact much better with other firms in different countries. 6)Tunisia firms should provide incentive as a form of motivation to high performer to encourage them to maintain or increase the performance on the job.