MANAGEMENT CONTROL: DEFINITION, IMPORTANCE & PROCESS

Whether the company is in full development or experiencing temporary difficulties, management control is one of the tools to consolidate achievements and / or anticipate problems. But what is it and what are its objectives? At the heart of the company's activity, management control is a forecasting tool (budgeting). It allows you to compare achievements against forecasts. The analysis of the gaps found leads to readjusting its strategy and setting new goals.