The Importance of Management Control Systems (MCS) in Small and Medium Enterprises (SME), An Empirical Literature Review

Abstract

<p>The main focus in this paper is the importance of Management Control Systems (MCS) in Small and Medium Enterprises (SMEs). The research is based on empirical literature by collecting and interpreting researchers finding on the important role that play MCS in SMEs. A greater control systems implementation can create/added a value and influencing stakeholders to practice concrete actions to reduce costs derived from the exploitation in SMEs.</p><p><br />Keywords: Management Control Systems, Small and Medium Enterprises</p>

Effective risk management in the shadow of COVID-19 pandemic: The evidence of Indonesian listed corporations

“…It includes identifying, assessing, and prioritizing risks about any institution, entity, or corporation aspect. This would be followed by a harmonized and economic employment of resources to lessen, control, and monitor the impact and possibility of the unfortunate occurrence [ 38 ]. It is an ongoing process that requires the corporation to apply adequate security measures to diminish the threats.…”

“… Risk management is not only an instrument to prevent and manage the impact of damaging events on the corporation but also a power to see opportunities. Kombate [ 38 ] Importance of management control system. Risk management is a harmonized and economic employment of resources and helps to lessen, control, and monitor the impact and possibility of an unfortunate occurrence.…”