management control

• Prozess der Überwachung, Steuerung und Regelung organisationaler Aktivitäten und Ressourcen, um deren Übereinstimmung mit festgelegten Zielen und Standards sicherzustellen. Umfasst sowohl die Steuerung durch das Management als auch die Kontrolle des Managements selbst.

The process of monitoring, directing, and regulating organizational activities and resources to ensure they align with established goals and standards.

1. Organizational oversightB2formal

   The process of monitoring and regulating organizational activities to ensure they align with strategic goals and objectives.

   Managementkontrolle

   • Effective management control ensures that resources are used efficiently.
   • The company implemented new management control systems to track performance.
   • Management control involves setting standards and measuring actual results.

2. Financial regulationB2formal

   The set of procedures and policies used to manage and regulate financial resources within an organization.

   Finanzkontrolle

   • Management control over budgets helps prevent overspending.
   • The finance department is responsible for management control of expenditures.
   • Regular audits are a key part of management control in accounting.