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Role of management control in small and medium enterprises performance assurance

Maria Criveanu and Constanta Iacob

MPRA Paper from University Library of Munich, Germany

Abstract: The emergence and development of small and medium enterprises has been and continues to be a driving force for the remarkable economic progress, influencing and accelerating economic growth through more efficient use of resources. Characterized by flexibility, mobility, innovation and capacity to adapt, SMEs have continued to play an important role in economic and social life of any country, positioning itself in the steadily growing economy. Preserving and bracing the role of SMEs in the harmonious development of economy in general and especially to the Romanian economy can be achieved through management control. Management control should intercede in the process of taking decisions and influence the optimal operation of small and medium enterprises. It seeks to control the ability of management to create added value and influence stakeholders in applying the practice of concrete actions to reduce operating costs. During the current businesses period, the companies are operating in an unstable environment which is unpredictable in time and space and distorting the information. At the same time, it is considered that the main engine for creating jobs in Europe and to preserve and revive the economy, is represented by small and medium enterprises.

Keywords: management control; creativity; SME (search for similar items in EconPapers)
JEL-codes: M21 M41 (search for similar items in EconPapers)
Date: 2011-05-27
New Economics Papers: this item is included in nep-cse, nep-ent and nep-sbm
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Citations: View citations in EconPapers (1) Track citations by RSS feed

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