Expert Lecture on Management Control System

Guest Lecture Report

MBA SY SEM-4, BATCH: 20-22’

 Expert Lecture Topic: Practical Applications of MCS

 Lecture Date: 08/06/2022

 Lecture Venue: Offline Mode (NCM Building)

 Speaker / Facilitator: Prof. Sanjay Yajnik

 Report Prepared By: Vrunda Chawala, Yesha Khatri

Covered Topics:

1. MCS Basic concepts

 Techniques of management control

 Behavioral considerations

 Understanding concepts using various examples of profit & loss account, PIN (Performance Index Number) and Repairs & maintenance.

2. Control System of HR & Accounts

3. Some practical examples of such recurring activities like daily and monthly Meetings, town hall meetings, SOPs

4. Goal Congruence and organization culture. Eg. Mahindra & Mahindra co.

5. Systems

 Employee morale

 Employee morale and GMP

 Deming Prize

 Organization culture and management style

6. The Formal control process chart

7. Responsibility centers with example

8. Budgeting

9. Examples of management control

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