Efficiency of Managerial Control Systems: The Optimal Model

M. Chuvashlova and V. Nikolaev

European Research Studies Journal, 2018, vol. XXI, issue 3, 675-689

Abstract: The relevance of this research is associated with the difficulty of substantiating and selecting a certain managerial control model for a particular organization which would ensure the greatest efficiency of the entire system of its tools. When tailoring their control systems, organizations select from a number of various control tools. Meanwhile, not every one of the possible tool combinations will be efficient. The paper is aimed at giving grounds for a model that allows identifying the optimum managerial control system for a particular organization proceeding from parameters based on the theory of transaction costs. The leading method for researching this problem is mathematical modeling under partial uncertainty that allows getting an integrated view of the relationship of the basic control type and the criteria determining it. As a result of the research conducted, the authors have proven the use of result-oriented machine control type and action-oriented machine control type with the appropriate toolkit is justified for a number of aircraft engineering corporation divisions. The materials of the paper are of practical value for both the top management and various level managers of enterprises and organizations not only in aircraft engineering but in other industries too.

Keywords: Managerial control; control tools; management; efficiency; aircraft engineering. (search for similar items in EconPapers)
JEL-codes: G30 G34 M11 (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:ers:journl:v:xxi:y:2018:i:3:p:675-689

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