The Importance of Managerial Control Systems in the Framework of Economic Entities in Romania

Catalina Sitnikov, Carmen Maria Mihalcea and Sofia Mihaela Romanescu
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Catalina Sitnikov: Faculty of Economics and Business Administration, University of Craiova, Romania
Carmen Maria Mihalcea: Faculty of Economics and Business Administration, University of Craiova, Romania
Sofia Mihaela Romanescu: Faculty of Economics and Business Administration, University of Craiova, Romania

REVISTA DE MANAGEMENT COMPARAT INTERNATIONAL/REVIEW OF INTERNATIONAL COMPARATIVE MANAGEMENT, 2023, vol. 24, issue 1, 21-34

Abstract: Today's economy is characterized by a high degree of globalization and fierce competitive pressure, supported by increasing consumer demands and capital infusions from global financial markets. From unilateral globalization, which involved the outsourcing of production processes in regions with productive potential, to the current situation in which financial markets no longer know borders and the forces of the business environment compete with those of governments, it seems a long way, but one that has been traveled at a pace alert Energy and natural resources, as components of the economic infrastructure, remain key elements of progress, but technology and management techniques gain more and more emphasis. The management and control of industrial processes in the case of multinational companies contains a centralized component, carried out by means of control systems that allow, on the one hand, the monitoring of the industrial process itself as well as the way of managing resources. The main purpose of the article is to improve existing managerial control systems in multinational industrial organizations as well as to optimize the implementation process, to ensure quick results.

Keywords: control system; management; quality; performance (search for similar items in EconPapers)
JEL-codes: M12 (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:rom:rmcimn:v:24:y:2023:i:1:p:21-34

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